July 10, 2012

NJ's Digiplex buying CT's Lisbon Landing Cinema 12

The New Jersey owner of Digiplex Bloomfield cinemas is buying Lisbon Landing Cinema 12, a fully digital movieplex.

Full terms of Digital Cinema Destinations Corp.'s revised offer for the 12-screen cinema at 162 River Road weren't disclosed.

However, the new offer supercedes a February sale agreement between the parties, officials said.

The new offer incorporates the old one plus new provisions, including a $50,000 nonrefundable cash deposit toward the deal, predicated on Digiplex obtaining financing, set to close Sept. 15.

Digiplex currently has eight cinemas and 73 screens in Connecticut, New Jersey and Pennsylvania that also show live sports events, fashion shows, concerts, conferences and video games.

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