One of the largest theater chains in the US again files for bankruptcy
Up next
Author
Share article
The post has been shared by 0 people.
Facebook 0
X (Twitter) 0
Pinterest 0
Mail 0


SKOKIE, Ill. For the second time in five years, Cinemax Holdings USA has filed for bankruptcy.

Bloomberg News reports the owner of CMX Cinemas movie theaters has assets that estimate between $100,001 to $500,000 with less than $50,000 in estimated liabilities, according to filings.

The dine-in movie theater chain has a total of 28 locations, including the CMX Old Orchard Luxury in Skokie, Illinois. It is one of the largest theater chains in the United States with around 1,400 employees.

According to a release, CMX expects to still operate its business and cinemas without interruption and its employees will continue to receive their usual wages and benefits.

CMX Cinemas filed for bankruptcy once before in 2020, during the COVID-19 pandemic.
You May Also Like
The World Cup poses an unprecedented security challenge at a fraught moment. Is the US ready?

Is the US Prepared for the Unprecedented Security Challenges of the Upcoming World Cup?

NEW YORK – Next week marks the start of a monumental World…
Trump ballroom construction should not be up to courts, government attorney argues in appeals case

Government Attorney Argues Against Court Involvement in Trump Ballroom Construction Dispute

WASHINGTON – In a high-stakes legal battle, federal attorneys argued on Friday…
Argentina expands hantavirus probe, sending teams to trap and test rats in Mendoza

Argentina Intensifies Hantavirus Investigation with Rat Testing Initiative in Mendoza

BUENOS AIRES – The Argentine government has intensified its probe into the…
Hegseth invokes immigration and ‘invasion’ in D-Day speech in France

Controversy Erupts as Hegseth Links Immigration to ‘Invasion’ in D-Day Speech in France

PARIS – In a stirring speech during the D-Day anniversary observances on…
‘A pursuit implies speed:’ Florida motorcyclist very slowly flees from deputy

Slow-Speed Chase: Florida Motorcyclist’s Leisurely Escape from Deputy Goes Viral

FLAGLER COUNTY, Fla. – Authorities in Central Florida apprehended a man following…
Pearl Jam bassist Ament highlights skateboarding's impact in Indigenous communities in Tribeca film

Pearl Jam’s Bassist Ament Spotlights Skateboarding’s Influence on Indigenous Communities in Tribeca Film

Growing up in the small town of Big Sandy, Montana, Jeff Ament…
Bernadette Chirac, formidable former first lady of France, dies at 93

France Mourns: Influential Former First Lady Bernadette Chirac Passes Away at 93

PARIS – Bernadette Chirac, the formidable former first lady of France, has…
Ukraine targets St. Petersburg again after Putin rejects Zelenskyy's offer for direct talks

Ukraine Strikes St. Petersburg Following Putin’s Dismissal of Zelenskyy’s Peace Proposal

In a dramatic escalation of the ongoing conflict, residents of St. Petersburg,…
‘God-given rights:’ This Florida gun rule may soon be gone for good, AG says

Florida’s Controversial Gun Rule Faces Permanent Repeal: A Shift in ‘God-Given Rights

TALLAHASSEE, Fla. – In a significant legal development, Florida’s Attorney General James…
Iran's World Cup team approved for visas to play games in the US, officials say

Iran’s National Soccer Team Secures Visas for Upcoming Matches in the United States, Officials Confirm

WASHINGTON – Iranian soccer team members have successfully secured U.S. visas, according…
Democrat Xavier Becerra advances to general election in race for California governor

Xavier Becerra Secures Spot in California Governor Race: What It Means for the General Election

SACRAMENTO, Calif. – On Friday, Democrat Xavier Becerra secured his spot in…
Traders face big losses after Uganda closes Congo border over Ebola contagion fears

Uganda’s Border Closure with Congo Amid Ebola Concerns Leads to Significant Financial Losses for Traders

MPONDWE BORDER – Leah Masika stood on the brink of tears, contemplating…