National Cinemedia Inc (NCMI) News & EventsNCMINational Cinemedia Inc

National CineMedia Adds Partners, Reaches 680 Screens

National CineMedia announced two new exhibitor partners, The Cinemas by Blue Fox Entertainment and THE LOT, and 10 renewed exhibitor agreements. Together, these agreements reach more than 680 screens in over 80 theaters, further strengthening NCM's position as the nation's largest cinema advertising network, including Spotlight Cinema Networks, with approximately 22,000 screens in over 1,750 theaters, and expanding its presence in the markets advertisers value most.

National CineMedia Completes Acquisition of Captivate Holdings for $275M

National CineMedia announced that on September 18, it completed its previously announced acquisition of Captivate Holdings for an enterprise value of $275M. The transaction closed on September 18 following the receipt of regulatory approval and satisfaction of other closing conditions. NCM funded the acquisition with borrowings under a new $275M senior secured first lien term loan facility, cash on hand, and a new $25M senior secured revolving credit facility, $10M of which was drawn at closing. Crestline Direct Finance, L.P. and Encina Commercial Finance provided the financing for the transaction, with Crestline Direct Finance, L.P. acting as administrative agent and collateral agent under the credit facilities.

NCM to Acquire Captivate Holdings for $275M

On August 10, 2026, NCM entered into a definitive agreement to acquire Captivate Holdings, LLC, an operator of digital video elevator and lobby advertising in North America, at an enterprise value of $275M. The transaction will be funded with $275M of new committed term debt, with available cash used to refinance the company's existing revolving credit facility and fund transaction expenses. NCM expects to generate more than $3.5M of annual run-rate cost synergies within the first year following close of the acquisition, primarily through the elimination of duplicative corporate overhead and the consolidation of executive and administrative functions. The transaction is expected to close during the second half of 2026, subject to customary closing conditions and regulatory approvals. Until closing, NCM and Captivate will continue to operate independently in the ordinary course. Additional details are available in the Company's press release dated August 11, 2026. In connection with the proposed acquisition of Captivate and expected leverage at closing, NCM has paused its quarterly dividend program. In connection with the expected timing of the pending transaction, NCM is not providing a forward outlook at this time. This does not reflect any change in the Company's view of the underlying business.