Multinational exhibitor Kinepolis has reached an agreement with Harbor Lights Entertainment (formerly National Amusements Inc.) to acquire Showcase Cinemas in the U.S.. The acquisition will include 13 cinemas, of which seven are located in Massachusetts, four in New York, one in Ohio and one in Rhode island. The transaction includes the ownership of six cinemas, while the remaining ones will be operated under lease agreements. Kinepolis expects to complete the acquisition by the end of the summer 2026.
As a result of this agreement, Kinepolis will add 164 screens to its portfolio, representing 17 794 seats. The 13 well-maintained, high-end Showcase Cinemas welcomed approximately 4 million visitors in 2025, generating USD 90+ million in revenue. Showcase Cinemas provide enhanced food offerings and multiple premium large format (PLF) screens, with 80% of all auditoriums featuring recliner seating in a stadium-style configuration.
Eddy Duquenne, CEO of Kinepolis Group: “This acquisition allows us to expand our market position in the US from Michigan to the East Coast with an asset and a team that enable us to implement Kinepolis’ operational model and corporate strategy, ultimately enhancing the experience for moviegoers in these markets. Furthermore, this acquisition provides a valuable real estate position, with future opportunities for further redevelopment and optimization being explored.”
Transaction and next steps
The acquisition has an enterprise value of USD 30 million, largely covered by the substantial Real Estate value of the owned U.S. Showcase Cinemas. In 2025, the company achieved approximately break-even theatre-level cash flow. Kinepolis expects to complete the acquisition by the end of the summer 2026.
Kinepolis will continue to operate Showcase Cinemas under the existing brand name and prioritizes the continuity for all Showcase customers, while carefully considering the needs of employees and other stakeholders.
Kinepolis previously purchased U.S. chains MJR Theatres and Emagine Entertainment.
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