CMX Files Chapter 11 Amid Theater Shutdowns

CMX Files Chapter 11 Amid Theater Shutdowns

CMX Cinemas, the eighth-largest U.S. movie theater operator, has filed Chapter 11 bankruptcy only a month after it called off its proposed acquisition of Texas chain Star Cinema Grill. CMX cited the economic crisis precipitated by the coronavirus pandemic that has shuttered theaters throughout the U.S. “We are in a state of complete uncertainty as […]