News





Cinemark to sell Mexico subsidiaries to Cinemex

Feb 15, 2013

Leading theatre chain Cinemark Holdings, Inc. announced that they have entered into a stock purchase agreement to sell all of the issued and outstanding shares of capital stock of Cinemark de Mexico and its subsidiaries to Grupo Cinemex and Cadena Mexicana de Exhibicion.

Roberto Jenkins, Cinemark’s general manager of Mexico, commented, “I have been fortunate to lead Cinemark Mexico since its entrance into the market in 1994 and am proud of the team we have developed, as well as our success in building a great company. Though it is difficult to sell the company, I am pleased that we are being acquired by such a well-respected company that is committed to the industry. I am confident Cinemex’s leadership and execution will further enhance the success of the assets.”

“We are grateful to Roberto Jenkins and the entire team in Mexico. Through their efforts over the past 19 years, they were able to help transform and re-establish the theatrical industry in Mexico and develop the premier circuit we operate today,” stated Tim Warner, CEO of Cinemark. “This transaction allows us the opportunity to provide greater focus on the growth of our remaining Latin American operations located throughout Central and South America.”


Cinemark to sell Mexico subsidiaries to Cinemex

Feb 15, 2013

Leading theatre chain Cinemark Holdings, Inc. announced that they have entered into a stock purchase agreement to sell all of the issued and outstanding shares of capital stock of Cinemark de Mexico and its subsidiaries to Grupo Cinemex and Cadena Mexicana de Exhibicion.

Roberto Jenkins, Cinemark’s general manager of Mexico, commented, “I have been fortunate to lead Cinemark Mexico since its entrance into the market in 1994 and am proud of the team we have developed, as well as our success in building a great company. Though it is difficult to sell the company, I am pleased that we are being acquired by such a well-respected company that is committed to the industry. I am confident Cinemex’s leadership and execution will further enhance the success of the assets.”

“We are grateful to Roberto Jenkins and the entire team in Mexico. Through their efforts over the past 19 years, they were able to help transform and re-establish the theatrical industry in Mexico and develop the premier circuit we operate today,” stated Tim Warner, CEO of Cinemark. “This transaction allows us the opportunity to provide greater focus on the growth of our remaining Latin American operations located throughout Central and South America.”

More Cinemas

MovieTickets.com reports 63.5% rise in first quarter

MovieTickets.com reported the number of tickets sold by the company are up 63.5% compared to the same time period last year More »

Screenvision unveils 'Front & Center' preshow

Screenvision announced a redesign of its pre-feature entertainment programming More »

B&B Theatres saves two Missouri drive-ins

B&B Theatres announced the acquisition of The Twin Drive-In in Independence, MO, and the four screen I-70 Drive-In in Kansas City, MO More »

Fandango in Deal With Veezi to Offer Thousands of Independent Theaters Online Ticketing

The deal comes a day after the NBCU-owned company extended an exclusive deal with Cinemark USA. More »

ADVERTISEMENT



REVIEWS

Draft Day
Film Review: Draft Day

Pro football manager faces crises on the most important day of his career in a well-tooled vehicle for Kevin Costner. More »

Rio 2
Film Review: Rio 2

Busy sequel to the popular animated feature follows the original's blue macaws on a journey from Rio de Janeiro to an endangered rainforest. More »

Player for the Film Journal International website.


ADVERTISEMENT



INDUSTRY GUIDES

» Blue Sheets
FJI's guide to upcoming movie releases, including films in production and development. Check back weekly for the latest additions.

» Distribution Guide
» Equipment Guide
» Exhibition Guide

ORDER A PRINT SUBSCRIPTION

Film Journal International

Subscribe to the monthly print edition of Film Journal International and get the full visual impact of this valuable resource for the cinema business.

» Click Here

SPONSORSHIP OPPORTUNITIES

Learn how to promote your company at the Film Expo Group events: ShowEast, CineEurope, and CineAsia.

» Click Here