Kinepolis Group has completed the acquisition of American movie theatre chain MJR Digital Cinemas.
Kinepolis reached agreement on the acquisition at the beginning of last month, but it was subject to American regulatory approvals. The approval has been obtained and allows Kinepolis to successfully complete the takeover process.
MJR Digital Cinemas, which is privately held and headquartered in Bloomfield Hills, Michigan, operates 10 movie theater complexes with a total of 164 screens and a seating capacity of over 20,000, all located in Michigan. All movie theaters are multi- and megaplexes with a capacity varying from 10 to 20 screens. In 2018, the 10 theaters drew 6.2 million visitors with total revenue of US$81.2 million.
Seven locations are owned (114 screens), including three on a leasehold site; the remaining three are rented complexes (totaling 50 screens). The chain has three megaplexes with 20 screens each, five with 16 screens, one with 14 screens, and one with 10 screens. All screens have 5.1 digital surround sound and two complexes feature an “EPIC Experience” auditorium combining 4K projection with Dolby Atmos sound. Nearly all theaters are equipped with motorized, fully reclinable seats.
Source: Kinepolis Completes Acquisition of American Circuit MJR Digital Cinemas – Boxoffice