Belgian cinema chain buying Emagine theaters across the U.S. for $105 million

More than a dozen Emagine movie theaters in Michigan and the U.S. will soon be owned by a Belgian cinema chain.

Kinepolis has reached a deal to acquire 14 Emagine Entertainment locations for $105 million with the acquisition to be completed by the end of this year.

The Michigan theaters included in the agreement are located in Saginaw, Hartland, Macomb, Canton, Novi, Saline, Birch Run, Rochester Hills, and Royal Oak.

Outside of Michigan, the acquired theaters are in Geneva, WI, Noblesville and Portage, IN, and Batavia and Frankfort, IL.

“With the acquisition of Emagine Entertainment, we are back on track with the execution of our expansion strategy since the pandemic,” Eddy Duquenne, CEO of Kinepolis Group said. “We do this with a high-quality asset in a market where we have had pos