His love for cinema was the motive for opening in 1969 the Cinema Club of Cali with his friends Ramiro Arbeláez, Hernando Guerrero and Luis Ospina :es:Luis Ospina. It started its meetings in the headquarters of the Company of Theatre of Cali ("Teatro Experimental de Cali"), but later it moved to the Alameda Cinema and finally to the San Fernando Cinema. The Cinema Club attracted many students, intellectuals and critics who used to watch the movies and meet afterwards to discuss and analyze the films with Caicedo.