National CineMedia has entered into a definitive agreement to acquire Captivate, the leading operator of digital video elevator and lobby advertising in North America. The combined platform will operate more than 48,000 digital screens across theaters, office buildings, and residential properties in 185 designated market areas, including all top 100 markets. The transaction is expected to close in the second half of 2026, with net leverage at close of approximately 3.9x. In connection with the deal, the company is pausing its dividend and share repurchase programs and is not providing a forward outlook at this time. For the second quarter, total revenue rose 12.7% year-over-year to $58.4 million, while adjusted OIBDA tripled to $2.1 million.
National CineMedia IncAcquiring Captivate expands its digital screen network, though pausing dividend and buybacks.
Being acquired by National CineMedia provides an exit for shareholders.
