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Kinepolis Agrees to Buy 13 Showcase Cinemas for $30 Million

Expanding Kinepolis’s U.S. footprint into the Northeast, the deal is anchored by six owned theater properties that Kinepolis says underpin the transaction’s value.

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Overview

  • The agreement, announced Thursday, June 11, 2026, covers 13 Showcase Cinemas in Massachusetts, New York, Ohio and Rhode Island and is stated at an enterprise value of USD 30 million.
  • Kinepolis will add 164 screens and 17,794 seats to its portfolio, and plans to keep the Showcase Cinemas brand in place during an operational review.
  • Six of the 13 sites transfer with real estate ownership while the remaining theaters will continue to operate under lease agreements, a structure Kinepolis cites as the main source of the deal’s asset value.
  • Showcase welcomed about 4 million visitors and generated over USD 90 million in revenue in 2025 with theatre-level cash flow roughly break-even, which Kinepolis described as making this an expansion of scale rather than a turnaround play.
  • LionTree Advisors and Latham & Watkins advised Harbor Lights while EY-Parthenon, PwC and Dentons advised Kinepolis, and the companies expect to complete the acquisition by late summer 2026 as Kinepolis evaluates redevelopment and site optimization opportunities.