Kinepolis Group completed its acquisition of 13 Showcase Cinemas locations in the United States, significantly expanding the European cinema operator’s U.S. footprint. The acquired portfolio includes seven theaters in Massachusetts, five in New York, one in Rhode Island, and one in Ohio.
Kinepolis plans to continue operating the properties under the Showcase Cinemas brand.
The company intends to invest in the existing theaters while adding premium moviegoing options and exploring further expansion in the region.
Following the acquisition, Kinepolis operates 134 cinemas with 1,474 screens and approximately 230,000 seats across nine countries.
The company employs more than 5,000 people.
Its U.S. portfolio now includes Showcase Cinemas, MJR Theatres, and Emagine Entertainment.
Kinepolis’ broader premiumization strategy includes investments in upgraded seating, laser projection, IMAX, ScreenX, XPlus, and other large-format experiences.
Ryan Dion has been appointed President of Operations at Showcase Cinemas.
KEY QUOTES:
“Showcase has a strong history, a strong brand and a dedicated team, and we see significant opportunities to build on that foundation.”
Eddy Duquenne, CEO of Kinepolis Group
“We also see Showcase as an important platform for Kinepolis’ continued development in the region, and we remain open to new opportunities that offer the right fit and potential to create long-term value.”
Eddy Duquenne, CEO of Kinepolis Group
“The acquisition represents more than an expansion of Kinepolis’ existing U.S. operations; it provides a platform for continued growth in the region.”
Ryan Dion, President of Operations at Showcase Cinemas
