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CMX Cinemas Files Second Subchapter V Bankruptcy to Protect Employees and Reorganize Leases

CMX’s streamlined Subchapter V filing aims to restructure leases, bolster liquidity for uninterrupted theater operations

BRAINTREE, MA – NOVEMBER 23: Kerri Donaghue, left,  and Jack Hennessy, right, relax in all powered recliner seats at AMC Movie Theater in Braintree. (Photo by Jonathan Wiggs/The Boston Globe via Getty Images)

Overview

  • CMX filed under Subchapter V on July 3, 2025, aiming to complete its restructuring by early Q3 2025.
  • The company expects available cash reserves and operating revenues to cover post-petition obligations, including vendor payments and payroll.
  • All 28 U.S. dine-in theaters will remain open in the ordinary course to ensure minimal disruption for customers and suppliers.
  • CMX says employees will continue receiving their usual wages and benefits without interruption during the proceedings.
  • Restructuring efforts will evaluate and renegotiate lease agreements across its luxury theater portfolio to secure more favorable terms.