Last reel: Cineworld told to sell three cinemas

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The Independent Online

Cineworld has been told to sell three of its cinemas to appease regulators' concerns over its £4m takeover of the arthouse chain Picturehouse.

The Competition Commission said the deal could lead to a "substantial lessening" of choice in three areas: Aberdeen, Bury St Edmunds and Cambridge. The commission's deputy chairman, Alasdair Smith, said: "We found that when setting the price of tickets, exhibitors take account of the prices of competing cinemas operating in their local area."