Core Points - Kinepolis has signed an agreement to acquire Emagine Entertainment, a US movie theatre chain, with the acquisition expected to be completed by the end of 2025 [1][4] - The acquisition will add 14 cinemas, 177 screens, and 18,000 seats to Kinepolis' portfolio, enhancing its presence in the US market [1][3] - Emagine Entertainment attracts approximately 6 million visitors annually and generates nearly USD 129 million in revenue [1] - The transaction is valued at USD 105 million, with an additional earn-out of up to USD 15 million based on US Box Office growth in 2025 [4] - Emagine's EBITDAL for 2024 is projected at USD 19.6 million, with a last twelve months (LTM) EBITDAL of USD 20.3 million as of September [4] - Kinepolis will finance the acquisition through an incremental facility of EUR 100 million under its existing credit facility [4] - Emagine theatres will continue to operate under their existing brand name, ensuring continuity for customers and considering the needs of employees and stakeholders [5] Company Overview - Kinepolis Group NV was formed in 1997 and is listed on the stock exchange since 1998, offering an innovative cinema concept [6] - The company operates 63 cinemas across Europe and has expanded its footprint to include 35 cinemas in Canada and 10 in the US, totaling 108 cinemas worldwide with 1,137 screens and over 200,000 seats [7][8]