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European Giant Buys US Theaters for $30M
11 Jun
Summary
- Kinepolis acquired 13 U.S. Showcase Cinemas for $30 million.
- The deal includes theaters across Massachusetts, New York, Ohio, and Rhode Island.
- Kinepolis aims to implement its operational model in the acquired theaters.
Belgian cinema operator Kinepolis has agreed to a $30 million deal to acquire 13 Showcase Cinemas in the United States from Harbor Lights Entertainment. This acquisition marks a significant expansion for Kinepolis, growing its portfolio by 164 screens and 17,794 seats.
The acquired theaters are described as well-maintained and high-end, featuring multiple premium large format screens and stadium-style auditoriums with recliner seating. These locations generated approximately 4 million customers and over $90 million in revenue in 2025.
The deal encompasses seven theaters in Massachusetts, four in New York, one in Ohio, and one in Rhode Island. Six of these locations were owned by National Amusements, with the remainder operating under lease agreements.
Kinepolis CEO Eddy Duquenne stated that the acquisition allows for the implementation of Kinepolis's operational model and corporate strategy, aiming to enhance the moviegoer experience. The company plans to retain the Showcase Cinemas brand name, prioritizing stakeholders and employees. The acquisition is expected to close by late summer.
