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UK: Competition Commission closes curtain on Cineworld theatres

 |  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.

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

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