Troy-based Emagine Entertainment Inc. is being sold to Belgian theater operator Kinepolis Group NV in a deal valued at $105 million, the companies said Tuesday.

The purchase price could increase by $15 million, to $120 million, depending on this year's U.S. box office growth, according to a news release.

The deal is expected to close by the end of the year. It includes 14 theaters, 177 screens and 18,000 seats in Michigan, Illinois, Indiana and Wisconsin.

"Kinepolis has a reputation for operating exceptionally well-run cinemas both in Europe and in North America," Paul Glantz, chairman and CEO of Emagine Entertainment, said in a statement Tuesday. "Their commitment to providing guests with an unforgettable movie experience makes them the ideal suitor to continue the stewardship of Emagi

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