Encore: CMX Cinemas parent emerges from bankruptcy
In perhaps a surprise twist, a movie theater chain gets a sequel.Cinemex Holdings USA, the Miami-based parent of CMX Cinemas and owner of 41 movie theaters nationwide, has emerged from Chapter 11 bankruptcy protection.The theater chain negotiated with creditors for six months and ended up with modified leases that include a revenue-sharing deal, according to The Miami Herald. The company shuttered 10 under-performing locations, including one in Hialeah.The chain now includes seven theaters in South Florida, three in Illinois and one in Closter, New Jersey, according to its website. The South Florida theaters include CMX Downtown In The Gardens in Palm Beach Gardens; CMX Wellington; CMX Miami Lakes 17; CMX Brickell Dine-In; CMX CinéBistro CityPlace Doral; CMX CinéBistro Dolphin Mall and CMX Cinemas Dolphin 19 & IMAX.The chain’s U.S. operations are led by Jose Leonardo Martí. The company is owned by Mexico-based Grupo Cinemex, which is led by Rogelio Vélez López de la Cerda.Under the agr...