Paramount Sells U.S. Movie Theaters To Kinepolis In $30 Million Deal
Deadline • • entertainment
Key Points:
- Belgian theater operator Kinepolis agreed to acquire 13 Showcase Cinemas in the U.S. from Harbor Lights Entertainment for $30 million, expanding its footprint from Michigan to the East Coast.
- The theaters, known for upscale amenities like premium large format screens and recliner seating, generated over $90 million in revenue and served around 4 million customers in 2025.
- The deal includes seven theaters in Massachusetts, four in New York, one in Ohio, and one in Rhode Island, with a mix of owned and leased real estate assets.
- Kinepolis expects to close the acquisition by late summer and will retain the Showcase Cinemas brand while leveraging the real estate for future redevelopment opportunities.
- The acquisition increases Kinepolis' global portfolio to 122 cinemas and 1,314 screens, including operations in Europe, Canada, and the U.S.