MORELIA, Mexico – Mexico’s leading international exhibitor Cinepolis, the main backer of the Morelia Int’l Film Fest, is projecting an 18% jump in terms of total admissions on its screens worldwide by the end of 2016, compared to 2015. In Mexico alone, where it has a 65% share of the market, admissions have nearly doubled in the past 10 years, from 157 million in 2005 to 262 million in 2015.Now ranked as the fourth largest exhibition group in the world...
CEO / General Director
Leading the world’s second-biggest theatrical exhibitor for admissions, Ramírez has worked to steer Cinépolis’ expansion into some 15 countries, including Saudi Arabia, Spain, India, Chile, Brazil and Peru. In May 2020, parent company Tenedor de Cines took a 2.4% stake in U.S. cinema chain Cinemark, and Ramírez, with other company execs and family members — including his father, Cinépolis chairman Enrique Ramírez Villalón — took smaller stakes totaling 6.1%. It was a bargain, since Cinemark stock had lost more than half its value since the pandemic descended upon the world, but the low price also illustrated the risk, underlined when Ramírez, acting as leader of the Global Cinema Federation, penned a letter to New York Governor Andrew Cuomo pleading with him to reopen the state’s theaters.