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Kinepolis Expands U.S. Reach with $105M Acquisition of Emagine Entertainment
Kinepolis has announced a $105 million acquisition of Emagine Entertainment, significantly expanding its presence in the U.S. movie theater market with 14 new locations.
- The acquisition of Emagine Entertainment includes 14 theatres across Michigan, Illinois, Indiana, and Wisconsin, adding 177 screens and 18,000 seats to Kinepoliss portfolio.
- Kinepolis will more than double its U.S. footprint from 10 to 24 theatres, enhancing its competitive position in the North American movie theater industry.
- The deal, valued at $105 million, includes a potential earn-out of up to $15 million based on U.S. Box Office growth in 2025.
Por Qué Es Relevante
This acquisition reflects Kinepoliss strategic move to strengthen its foothold in the U.S. movie theater market, amidst ongoing industry challenges and competition. By integrating Emagine Entertainments innovative offerings, including Dolby Atmos technology, Kinepolis aims to enhance customer experiences and drive box office performance.