Spanish-language movie theater chain files for Chapter 7 bankruptcy

sonora cinemas e1597270765613

Sonora Cinemas, which has a location in Aurora, Texas and Arizona, has filed for bankruptcy. (Courtesy Sonora Cinemas)

A Spanish-language theater chain that opened its first location in Aurora in 2001 has filed for Chapter 7 bankruptcy.

Cinema Latino, which is run by parent company Sonora Entertainment, screens the latest Hollywood and Latin American films with Spanish voiceovers or subtitles. It has four locations: two theaters known as Sonora Cinemas in Aurora and Phoenix, Arizona, and two Cinema Latinos in Fort Worth and Pasadena, Texas.

According to the filing, the company owes $689,268 to 75 creditors and has assets worth $154,360.

Chapter 7 bankruptcies are typically a liquidation process, where a trustee is appointed to oversee a selloff of the debtor’s assets.

Sonora Entertainment CEO Louis Sullivan signed the filing. The company did not respond to a request for comment.

In addition to screening movies in Spanish, the theater chains featured Mexican concessions, Latin music and hired Spanish-speaking employees.

The chain said it had revenue of $6.87 million in 2019. As of the Aug. 6 filing date, the company’s 2020 revenue was $995,830.

Jeffrey Brinen with Denver-based Kutner Brinen is representing Sonora Entertainment in the company’s bankruptcy proceedings.

As more consumers turn to streaming services to watch movies, theaters are struggling to keep up. A recent survey by Rueters and Ipsos suggests that 32 percent of 4,429 respondents would not return to theaters until a coronavirus vaccine is available and 21 percent of 1,500 respondents agreed in a poll by Atom Tickets.

sonora cinemas e1597270765613

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