A PYMNTS Company

UK: Competition Commission closes curtain on Cineworld theatres

By  |  October 8, 2013

The UK’s Competition Commission has ruled that three theatres around the UK owned by Cineworld must be closed as a result of the chain’s buyout of competitor Picturehouse Cinemas, according to reports.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    The buyout could result in spiked prices, according to the watchdog. The theatres must be sold by Cineworld in Arberdeen, Bury St. Edmunds and Cambridge following the $76 million deal.

    The acquisition landed 21 Picturehouse theatres in the hands of Cineworld, which already operated 78 cinemas.

    The Commission’s final report on the matter was issued Tuesday.

    Full Content: Screen Daily

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