Ellison Family Sells 13 Movie Theaters to Kinepolis for $30 Million
Harbor Lights Entertainment, a company controlled by the Ellison family and the successor to National Amusements, has sold 13 of its movie theaters. The properties, located across the Northeast and Midwest regions, were acquired by Kinepolis in a transaction valued at $30 million.
Harbor Lights Entertainment, a company under the control of the Ellison family, has completed the sale of 13 movie theater locations. These theaters are situated in the Northeast and Midwest regions.
Kinepolis acquired these cinema properties in a deal reported to be worth $30 million. Harbor Lights Entertainment is recognized as the successor entity to National Amusements.
According to Hollywood Reporter, this transaction represents a significant divestment within the cinema industry.
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