Episode 77: Ellisons Sell Showcase Cinemas for $30M
The Ellison family has sold the Redstone-era Showcase Cinemas chain — 13 theaters across the Northeast and Midwest — to Belgian exhibitor Kinepolis Group for $30 million. The deal is a window into how the new Paramount Skydance ownership structure is rationalizing its inherited assets, and what Kinepolis' aggressive U.S. expansion signals about how European exhibitors are reading the American theatrical market. Key Takeaways: Harbor Lights Entertainment — the Ellison-controlled entity that holds preferred voting stock in Paramount Skydance — sold 13 Showcase Cinemas locations for $30 million…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.