AUSTIN, Texas, Jan. 3, 2022 /PRNewswire/ — EVO Entertainment Group (“EVO”) and ShowBiz Cinemas (“ShowBiz”), two leading innovators in motion picture entertainment, announced today that they have closed a transaction under which EVO has acquired 100% of the stock of Showbiz Cinemas in an all-cash deal.
“Today is a monumental moment for our company and our industry,” said Mitch Roberts, Founder and CEO of EVO Entertainment Group and 2022 Forbes 30 under 30 honoree. “This transaction establishes EVO as the country’s largest operator of cinema-entertainment centers and paves the way for accelerated progress and innovation within a new era of cinema.”
Kevin Mitchell, CEO & Founder of Showbiz Cinemas, along with Mitch Roberts represent multiple generations in the cinema business. Their pioneering of cinema entertainment centers has been a smashing