Belgian movie theatre operator Kinepolis has entered into a $105 million agreement to take over some of Emagine Entertainment, according to a press release.
In the announcement on Tuesday, Kinepolis said it will add 14 cinemas to its portfolio in Michigan, Illinois, Indiana and Wisconsin, totaling 177 screens and 18,000 seats.
The press release said that the deal could go to $120 million depending on the U.S. box office for the rest of the year.
In Michigan, there are nine theatres that will be included in the deal, including Hartland, Macomb Township, Canton, Novi, Saline, Saginaw, Birch Run, Rochester Hills and Royal Oak.
In 2019, Kinepolis acquired Michigan-based MJR Theatres. The theatres will still operate under the Emagine name.
The deal is for 100% of Emagine's business, the re

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