Belgian Company To Buy MJR Cinemas

A Bloomfield Hills-based movie theater chain is in the process of being sold to a Belgian company.

MJR Digital Cinemas, which has 10 theaters in Metro Detroit including in Brighton, is being sold to Kinepolis Group for $152 million. The Belgian firm said it will retain MJR’s name and management. Kinepolis operates 53 theaters in Europe and, after buying a Canadian theater chain in 2017, 44 theaters in Canada. These are the first theaters it will own in the U.S. The company’s CEO says he expects the acquisition to be completed by the end of October.

MJR chief executive Mike Mihalich said he was heartened that Kinepolis would keep his management in staff. MJR employs 815 people. (JK)


Source Website Article – Click Here

Attorney Howell, MIAttorney Brighton, MILivingston County AttorneyCriminal Law AttorneyBankruptcy AttorneyDUI AttorneyDivorce Attorney