CMX Cinemas CFO Luis Castelazo on His Call for Lower Film Rentals
This week, Daniel and Rebecca talk to Luis Castelazo, the Chief Financial Officer at CMX Cinemas. The North American division of Mexican operator Cinemex, CMX Cinemas became one of the ten largest theater chains in the U.S. shortly after opening in 2017. More recently, in April of this year it became the first top-ten chain to file for Chapter 11 following the emergence of the Covid-19 pandemic; they emerged from bankruptcy in December.
In an open letter published in December, Castelazo advocated for lower film rentals in response to the trend towards shortened theatrical exclusivity windows…
The skinny
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