Eduardo Acuna: Celebs Rumors

Eduardo Acuna, who’s kept a low profile since taking the top job at Cineworld last summer, took a bow in NYC this week to showcase the world’s largest 4DX auditorium at the renovated Regal Times Square.

EXCLUSIVE: Sources tell us that Regal Theatres VP and Head of Film Andrew Turner is exiting the No. 2 U.S. chain.

Cineworld Group, the world’s second largest theater circuit, said today it’s completed its executive team following the 2023 appointment of CEO Eduardo Acuna after the company emerged from bankruptcy.

Cineworld has named Thomas Song its chief financial officer overseeing the group’s finance and accounting management and with a leadership role in the company’s strategic planning and analytics.

Regal parent Cineworld has officially emerged from bankruptcy, unveiling five new board members and a strengthened balance sheet. The chain, which was flattened by Covid and high debt, filed for Chapter 11 in the Southern District of Texas last September.

Cineworld said on Friday that it will suspend its listing on the London Stock Exchange as part of plans to restructure its business and accounts to reduce heavy debt.

Naman Ramachandran The multinational Cineworld cinema chain has secured a new revolving credit facility of $250 million as part of its restructuring process. Cineworld recently revealed details of a planned restructuring that will allow it to exit U.S. Chapter 11 bankruptcy strictures.

Naman Ramachandran Cinepolis president Eduardo Acuna is set to be the new CEO of the Cineworld group. In June, the Cineworld group, which owns Regal Cinemas in the U.S., confirmed that its planned reorganization is going ahead and revealed plans for a new board led by former Pepsi chair Eric Foss. On Thursday, lenders to the indebted cinema chain agreed on terms to appoint Acuna as CEO of the newly incorporated parent company of the group. Acuna has served as president of Cinépolis Americas since 2015, and has worked at Cinépolis, the third largest theatrical exhibition circuit in the world, since 2005. In his current role, he heads all operations for Cinépolis in 11 countries across North America and South America. Previously, he served as president and CEO of Cinépolis Brazil. Prior to Cinépolis, Acuna held positions at McKinsey & Company in Mexico and Argentina, Goldman Sachs in New York, the Bank of Mexico and Mexico’s Ministry of Social Development. He currently serves on the board of directors at Global Cinema Federation and The Cinema Foundation.

As Regal parent Cineworld prepares to exit Chapter 11 this month, rumors are heating up over who will emerge as the giant theater chain’s new chief executive, with reports Monday pointing to Eduardo Acuna of Cinepolis.

The National Association of Theatre Owners today announced the creation of The Cinema Foundation, a new, donor-supported non-profit organization dedicated to promoting the cinema exhibition industry by developing future diverse workforces and growing moviegoing communities through research, education and philanthropy.