NCM acquires Spotlight Cinema Networks; adds ~6% market share, expands NY/LA 30%

National CineMedia, Inc.

Acquired Spotlight Cinema Networks, the only U.S. cinema ad firm serving luxury/art house exhibitors.
Increases NCM's national market share by ~6% and expands NY+LA theater presence by 30%.
Purchase multiple of 4.5x pro forma EBITDA; expected to be accretive with full run-rate synergies by end of 2026.
Spotlight's partners include Cinépolis Luxury Cinema, Landmark Theatres, Flix Brewhouse, and LOOK Dine-In Cinemas.

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