Kinepolis Acquires Paramount's US Movie Theaters for $30 Million
Kinepolis has acquired Paramount's U.S. movie theater chain, Showcase Cinemas, in a deal valued at $30 million. This transaction includes the sale of the Redstone family's movie theaters.
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Kinepolis Acquires Showcase Cinemas in $30 Million Deal
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 […]
By Pat Saperstein
Read full article →Ellisons Sell Redstone Family’s Movie Theaters In $30 Million Deal
Harbor Lights Entertainment, the successor to National Amusements controlled by the Ellison family, sold its 13 movie theaters in the northeast and midwest to Kinepolis.
By Alex Weprin
Read full article →Paramount Sells U.S. Movie Theaters To Kinepolis In $30 Million Deal
Belgian-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 […]
By Jillg366
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