National CineMedia acquires Spotlight Cinema Networks, terms undisclsoed

National CineMedia (NCMI) announced that it has acquired Spotlight Cinema Networks. The acquisition of Spotlight adds Cinepolis Luxury Cinema, Landmark Theatres, Flix Brewhouse, and LOOK Dine-In Cinemas. The addition of Spotlight’s footprint increases NCM’s national market share by approximately 6% and expands its theater presence by 30% in the New York and Los Angeles markets. NCM expects to realize the full run-rate synergies over the course of 2026. On a pro forma basis, the transaction is expected to be accretive to shareholders, with a purchase multiple of 4.5x pro forma EBITDA. This underscores the company’s disciplined approach to capital allocation and management’s commitment to delivering long-term shareholder value.