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European theater chain buying Emagine Entertainment, including 9 Michigan locations

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European theater chain buying Emagine Entertainment, including 9 Michigan locations


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  • A European theater chain, Kinepolis Group, is acquiring the Troy-based Emagine Entertainment.
  • The deal is valued at $105 million and is expected to be finalized by the end of the year.

A European theater chain is buying Troy-based Emagine Entertainment.

Kinepolis Group, a Belgian company, announced on Tuesday, Nov. 4, that it plans to acquire 14 Emagine theaters in Michigan, Illinois, Indiana and Wisconsin and finalize the $105 million deal by the end of the year.

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The deal is for 100% of Emagine’s business, according to a news release, and the theaters will continue to operated under the Emagine brand name.

Crain’s Detroit reported that Glantz and his family own about 36% of Emagine.

Not all of the 28 theater locations listed on Emagine’s website are included in the deal, as about half are operated by third parties.

The Kinepolis Group previously acquired the MJR Digital Cinemas chain in 2019 and continued to operate those theaters under the MJR brand.

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“Kinepolis has a reputation for operating exceptionally well-run cinemas both in Europe and in North America,” Glantz said in the news release. “Their commitment to providing guests with an unforgettable movie experience makes them the ideal suitor to continue the stewardship of Emagine into the future.”

Glantz was not available for additional comment Tuesday morning.

“With the acquisition of Emagine Entertainment, we are back on track with the execution of our expansion strategy since the pandemic,” Eddy Duquenne, CEO of Kinepolis Group, said in a statement. “We do this with a high-quality asset in a market where we have had positive experiences with our Kinepolis concepts. The location and size of the cinemas make them a valuable addition to the Group’s portfolio, allowing us to expand our presence in the US market and strengthen our national structure.”

The news release says Emagine’s theaters have about 6 million visitors a year and do nearly $129 million in revenue.

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Michigan theaters not included in the deal are The Riviera Cinema in Farmington Hills and Emagine Woodhaven, which operate under the Emagine brand but are managed by third parties through a brand licensing agreement, the news release says.

The theaters that are in the deal are:

Michigan

  • Emagine Canton
  • Emagine Royal Oak
  • Emagine Hartland
  • Emagine Birch Run
  • Emagine Saline
  • Emagine Novi
  • Emagine Macomb
  • Emagine Rochester Hills
  • Quality 10 Powered by Emagine (Saginaw)

Illinois:

  • Emagine Frankfort
  • Emagine Batavia

Indiana:

  • Emagine Noblesville
  • Emagine Portage

Wisconsin:

Check back to Freep.com for more on this developing story.



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Sterling Heights to consider opposing Michigan House tax policy bills

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Sterling Heights to consider opposing Michigan House tax policy bills


The Sterling Heights City Council is set to consider a resolution Tuesday evening opposing tax policy bills in Lansing that one councilmember contends put every municipality “at risk.”

The Michigan House voted in May to pass several bills that would slash property taxes across the state, but skipped a vote on a bill needed to replace some of the more than $5 billion in lost tax revenue.

At its Tuesday evening meeting, Sterling Heights City Council is slated to consider the adoption of a resolution opposing Michigan House Bills 5872 through 5879 due to “their potential negative impact on local government revenue, financial planning, and administrative operations,” a city document said. Sterling Heights City Manager Mark Vanderpool said the city would lose about $5 million in annual revenue from the bills. He said there’s no “guaranteed replacement” for the lost revenue, and the city would need to cut services, he said.

“So we’re deeply concerned about that,” he said.

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The House’s sweeping tax cuts can’t be implemented without the passage of a separate bill levying a loosely defined 6% sales tax on services that has yet to be revealed. Republicans who control the House did not hold a vote on the sales tax hike bill, which remains in committee.

All combined, the four property tax cuts passed by the House are estimated to result in a tax revenue loss that could progress from $5.5 billion to $7.5 billion a year, according to a series of nonpartisan House Fiscal Agency analyses. 

Vanderpool, the Sterling Heights city manager, said he wants the state Legislature to work “hand in hand” with cities, townships and villages to come up with a solution for “guaranteed revenue replacement.”

“We are more than willing ― I think our reputation precedes us ― to work with our state legislators hand in hand to come up with viable solutions that … may reform property taxes without harming communities across the state,” he said.

Sterling Heights Councilwoman Barbara Ziarko said the legislation reduces the city’s revenue without a guarantee of what it will be replaced with. She said that in the future, the legislation could prevent the city from maintaining positions that it has promised residents it would maintain, including public safety roles.

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“When they put the burden on our local government, they’re actually putting it on the residents of whatever community it is,” she said.

State Rep. Steve Frisbie, a Calhoun County Republican, previously said that Michigan residents need to see tax relief immediately. He noted a ballot proposal collecting signatures last year would have eliminated all property taxes in the state. That citizens’ initiative, known as AxMiTax, fizzled out and won’t be on the ballot this fall.

“They realized that our property taxes are too high and they demand that we take action now,” Frisbie said.

More on the bills

The cuts passed by the House in May would eliminate the 6-mill State Education Tax and eliminate the 0.75% real estate transfer tax assessed on the sale price of real estate.

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House Republicans also signed off on eliminating the personal property tax. That bill, largely intended to benefit utility companies, is tied to separate legislation that requires utilities such as Consumers Energy and DTE Energy to pass on personal property tax savings by cutting electric and gas rates for their residential customers. It also requires utilities to freeze rates for two years.

Jennifer Varney, Sterling Heights’ finance and budget director, said the elimination of the personal property tax would result in a $4.3 million annual revenue loss for the city. She said the personal property tax refers to the taxes that businesses pay on their assets, such as their machines and vehicles.

Another tax on the chopping block is the so-called “pop-up tax,” an increase in a property tax bill that occurs when a house transfers from one owner to the next in Michigan, uncapping a constitutional limit on the property tax increase on a home’s taxable value.

Under the state Constitution, a property’s taxable value cannot increase by more than the rate of inflation or 5% each year. But when a property is sold, that cap lifts and is reset at a new, often higher taxable value, resulting in a “pop-up” in property taxes.

Varney said the “pop-up” is the only way cities “recapture” the true value of a home. Michigan also has the Headlee Amendment, a state law that requires local governments to roll back millage rates if taxable property values rise faster than the rate of inflation.

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“If you take away the pop-up … and you keep the rollback of the millage, you’re basically limiting any kind of growth in taxable base for municipalities,” she said.

Staff Writer Beth LeBlanc contributed.

asnabes@detroitnews.com



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Search for Lynette Hooker reopened after Michigan woman disappeared in Bahamas

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Search for Lynette Hooker reopened after Michigan woman disappeared in Bahamas


The search for a missing Michigan in the Bahamas has been reopened after authorities say her husband allegedly gave police false information.

Lynette Hooker and her husband Brian were boating in the Bahamas in early April when, according to her husband, she fell off the boat and was swept to sea. Brian told police he had to paddle to shore after Lynette fell into the water because she had the key.

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Brian was taken into custody in the Bahamas after Lynette’s disappearance, but was later released and returned back to Michigan.

Recently, it was revealed that new location data from Brian’s cell phone contradicts the story he gave to authorities, and suggests he may have sent search crews to the wrong area. This new information has led to the U.S. Coast Guard reopening its search for Lynette.

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The Source: Previous reporting and information from FOX News were used in this story. 

Crime and Public SafetyMichiganWorld



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Fifth Third Bank to close 75 Michigan branches, including former Comerica locations

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Fifth Third Bank to close 75 Michigan branches, including former Comerica locations


Fifth Third Bank said it has finalized its list of Michigan branch closures this summer, confirming that 75 locations will shut down in September as part of an ongoing effort to streamline its retail network.

Of the branches closing, 55 are former Comerica Bank locations, and 20 are existing Fifth Third branches.

The bank said most of the affected locations have another Fifth Third branch within one mile.

After the closures, Fifth Third said it will operate 227 branches across Michigan, including 116 in the five-county Metro Detroit area.

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In a statement, Fifth Third said it is “building a stronger, more efficient branch network that supports customers today and positions the Bank for long-term sustainable growth in Michigan and across our expanded footprint.

The bank said it will continue serving Michigan through 227 financial centers across 39 counties and nearly 140 communities.

It added that while it is consolidating overlapping branches, most of the affected locations have another Fifth Third financial center within one mile.

After the customer conversion later this year, Fifth Third said Michigan customers will have access to approximately 42% more branches, while former Comerica customers will have access to about 60% more branches than before.

In southeast Michigan, Fifth Third’s post-conversion network is expected to be the largest in the five-county region of Livingston, Macomb, Oakland, Washtenaw, and Wayne counties, with 116 financial centers.

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In Detroit, the bank said it will operate 19 locations, making it the largest banking network in the city following the conversion.

Copyright 2026 by WDIV ClickOnDetroit – All rights reserved.



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