31 May 2017, 20h15
Today, the Belgian Competition Authority has partially granted the request of Kinepolis Group NV for cancellation of the behavioral measures which were imposed on it in 1997 by the Belgian Competition Council. As of 31 May 2019, Kinepolis can open new cinemas in Belgium without prior approval from the Belgian Competition Authority. The other behavioral measures imposed in 1997, such as the need to obtain prior approval for the acquisition of existing Belgian cinemas or the prohibition to request exclusivity or priority from film distributors, have been maintained for a renewable period of three years. At the end of such period, Kinepolis can make a request for removal of the remaining behavioral measures.
Kinepolis will examine and evaluate the Competition Authority's decision thoroughly.
Contact
Kinepolis Press Office
+32 (0)9 241 00 16
pressoffice@kinepolis.com
About Kinepolis
Kinepolis Group NV was formed in 1997 as a result of the merger of two family cinema groups and was listed on the stock exchange in 1998. Kinepolis offers an innovative cinema concept which serves as a pioneering model within the industry. Kinepolis Group NV has 49 cinemas spread across Belgium, the Netherlands, France, Spain, Luxembourg, Switzerland and Poland. In addition to its cinema business, the Group is also active in film distribution, event organization, screen publicity and property management. More than 2,300 employees are committed each day to providing millions of cinema visitors an unforgettable movie experience.