A PYMNTS Company

Mexico: Theatre chain divestment would leave nation with cinema duopoly

By  |  February 19, 2013

A proposed divestment of a Mexico theatre chain would leave the nation with a duopoly in the market, according to reports. Cinemark, based in Texas, has apparently agreed to sell its Mexico branch to its rival Cinemex. The parties did not disclose how much the transaction was worth. While Mexico’s antitrust authority will need to approve of the deal, the most obvious concern is that the transaction would leave only Cinemex and Cinepolis as market dominators. The deal would mean Cinemex acquiring 290 screens from Cinemark, resulting in an increase to 31 percent market dominance. Cinepolis has about 66 percent of the market share.

 

Full Content: Hollywood Reporter

Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.