The Ariel Awards, which honor the best of Mexican cinema, are in danger of not being held next year. In response to the crisis, Mexican director Guillermo Del Toro has offered to shell out his own money to buy the statuettes to present to the awardees. 

Del Toro said he could buy the statuettes to give to the Mexican Academy of Motion Picture Arts and Sciences (AMACC), organizer of the awards, so that the creators of films in Mexico would not be left without their recognition for what would be the 65th version. 

"To seek solutions and keep the Ariel Awards for those who make a cinema that proposes and gives presence to Mexico: I personally offer to cover the total cost of the Ariel statuettes," wrote the director on Twitter. 

Del Toro also requested a dialogue between the Mexican Film Academy and Mexico's Secretary of Culture, Alejandra Frausto, to see what was missing from the awards. 

"The academy and the films it stimulates, are NOT the ones that the bots use as an argument — they are the ones that fight for screen time and that maintain our cinema," he added. 

The Ariel Awards, which have been presented since 1946, announced through a statement last week that they would not be held in 2023, as a result of a serious economic crisis. The announcement indicated that both the call for entries and the registration processes for the awards were suspended.