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Belgian-based Kinepolis, a apical European theatre operator, agreed to get 13 Showcase Cinemas successful nan U.S. from Harbor Lights Entertainment (formerly National Amusements Inc.) successful a woody worthy $30 million.
National Amusements was nan commencement of nan Redstone family media empire, launched by Sumner Redstone’s begetter arsenic a azygous Rhode Island thrust successful and later expanded and tally for years very capably by Shari Redstone. The theaters are upscale pinch aggregate premium ample format screens and astir auditoriums stadium style pinch recliner seating.
The woody includes 7 theaters successful Massachusetts, 4 successful New York, 1 successful Ohio, and 1 successful Rhode island. For six of nan locations, National Amusements owned nan existent estate, pinch nan others operating nether lease agreements.
Kinepolis, whose portfolio will turn by 164 screens representing 17 794 seats, said it expects to adjacent by precocious summertime connected nan “well-maintained, high-end” theaters that had circa 4 cardinal customers successful 2025 and generated $90+ cardinal successful revenue.
“This acquisition allows america to grow our marketplace position successful nan US from Michigan to nan East Coast pinch an plus and a squad that alteration america to instrumentality Kinepolis’ operational exemplary and firm strategy, yet enhancing nan acquisition for moviegoers successful these markets. Furthermore, this acquisition provides a valuable existent property position, pinch early opportunities for further redevelopment and optimization,” said Kinepolis CEO Eddy Duquenne.
The acquisition has an endeavor worth of $30 cardinal (which includes debt), mostly covered by nan important existent property worth theaters. In 2025, Showcase was rate travel break-even from its theaters.
Kinepolis will support nan Showcase Cinemas marque sanction and prioritize “while cautiously considering nan needs of labor and different stakeholders.”
