Overview
- The agreement adds 14 cinemas with 177 screens and about 18,000 seats across Michigan, Illinois, Indiana and Wisconsin, with closing targeted by the end of 2025.
- An earn-out of up to $15 million tied to U.S. box office growth during 2025 could lift the total consideration to $120 million.
- Kinepolis plans to keep the Emagine name in place and emphasizes continuity for customers and employees.
- The portfolio includes premium EMX and Super EMX auditoriums, and Emagine reports about 6 million annual visitors, roughly $129 million in revenue, and LTM EBITDAL of $20.3 million.
- Local reporting lists nine Michigan sites included and notes that licensed locations in Minnesota and Colorado, along with some Michigan theaters such as Woodhaven and Farmington Hills, are not part of the sale.