Kinepolis, the Belgium-based cinema operator, agrees to buy the Showcase Cinemas circuit in the United States from Harbor Lights Entertainment, formerly associated with National Amusements. The deal is valued at $30 million, according to reporting from both outlets. Showcase operates 13 theaters across several states, with seven locations in Massachusetts, four in New York, one in Ohio, and one in Rhode Island. The transaction structure includes both owned and leased sites: Kinepolis will acquire ownership of six of the cinemas, while the remaining locations are handled under lease agreements. Harbor Lights Entertainment is linked to the Redstone family media legacy, which began with a drive-in in Rhode Island and later expanded into the National Amusements business. The agreement moves U.S. theater holdings to Kinepolis, extending the operator’s footprint beyond Europe.
Kinepolis to Acquire Showcase Cinemas in U.S. Deal Worth $30 Million
Kinepolis, the Belgium-based cinema operator, agrees to buy the Showcase Cinemas circuit in the United States from Harbor Lights Entertainment, formerly associated with National Amusements. The deal i...
- Kinepolis, a Belgium-based cinema operator, purchases Showcase Cinemas in the U.S.
- The deal is reported as worth $30 million.
- Showcase Cinemas operates 13 theaters: seven in Massachusetts, four in New York, one in Ohio, and one in Rhode Island.
- Kinepolis will own six of the cinemas, while the others are operated under lease agreements.
- The seller is Harbor Lights Entertainment, previously known as National Amusements.
Belgium-based company Kinepolis has acquired the Showcase Cinemas circuit in the U.S. from Harbor Lights Entertainment (formerly National Amusements). Showcase runs 13 cinemas including seven in Massachusetts, four in New York, one in Ohio and one in Rhode Island. The agreement includes ownership of six cinemas, while the others are operated under lease agreements. The […]
2 months agoBelgian-based Kinepolis, a top European theater operator, agreed to acquire 13 Showcase Cinemas in the U.S. from Harbor Lights Entertainment (formerly National Amusements Inc.) in a deal worth $30 million. National Amusements was the start of the Redstone family media empire, launched by Sumner Redstone’s father as a single Rhode Island drive in and later […]
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