JoltBlog

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.

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