Destination Cinema

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Destination Cinema - overview

Established

2010

Location

Ogden, UT, US

Primary Industry

Travel & Leisure

About

Destination Cinema is a company that creates and operates destination theaters, providing immersive film experiences focused on educational and entertainment themes to enhance visitor engagement in tourist hotspots across North America. Destination Cinema specializes in the operation of destination theaters, strategically located in high-traffic tourist areas. The company is headquartered in Ogden, US. Bob Perkins serves as the CEO.


In June 2006, Stone-Goff Partners invested in Destination Cinema, with financial details undisclosed. The company has completed 2 deals to date, with the most recent deal occurring on June 1, 2006. Destination Cinema, Inc. specializes in the creation and operation of destination theaters, which are large-scale entertainment venues situated in prominent tourist locations across North America.


Their primary offerings include immersive films that focus on educational and entertainment themes, showcasing significant historical, scientific, and geographical topics. These films aim to enhance the visitor experience and promote knowledge about various destinations by providing high-quality visual content on giant screens. The company serves a diverse clientele, including tourism operators, local governments, and educational institutions, effectively catering to both leisure and educational audiences. By engaging visitors with compelling narratives and state-of-the-art technology, Destination Cinema drives traffic to its venues, which are strategically located in high-traffic tourist areas.


Destination Cinema generates revenue primarily through ticket sales for its films shown at destination theaters, as well as partnerships and collaborations with tourism venues and organizations. The transaction structure typically involves direct sales to consumers who purchase tickets for individual film screenings, as well as potential revenue-sharing agreements with venue operators who showcase Destination Cinema's films. In addition to ticket sales, the company may also engage in B2B transactions by licensing its films to other theaters and educational institutions for use in their programming. This multifaceted approach to revenue generation positions Destination Cinema to capitalize on its flagship films, such as 'Grand Canyon: Rivers of Time' and 'Niagara: Miracles, Myths & Magic,' while also enhancing the profitability of its partner venues.


Destination Cinema is currently focusing on the development of new immersive film projects, with plans to launch at least two new productions by 2024. The company aims to expand its presence into additional major tourist markets in the US and Canada by the end of 2025. Recent funding from Stone-Goff Partners in June 2006 will be utilized to support these initiatives, enhancing production capabilities and facilitating market expansion.


Current Investors

Specialty Cinema, Stone-Goff Partners

Primary Industry

Travel & Leisure

Sub Industries

Recreational & Entertainment Facilities

Website

www.destinationcinema.com

Company Stage

Mature - Buyout

Total Amount Raised

Subscriber access only

Destination Cinema - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
BuyoutCompletedDestination Cinema-
Private DebtCompletedDestination Cinema-

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Destination Cinema - employee data

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