Kinepolis Group: Belgian Competition Authority partially withdraws 20 year old behavioral measures
May 31, 2017 at 02:25 pm EDT
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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.
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.
Kinepolis Group NV published this content on 31 May 2017 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 31 May 2017 18:24:23 UTC.
Original documenthttps://corporate.kinepolis.com/en/press-releases/kinepolis-group-belgian-competition-authority-partially-withdraws-20-year-old
Public permalinkhttp://www.publicnow.com/view/24897DBFDBF072BC5AF8BAF1F6BF0EEC94B54C2C
Kinepolis Group NV specializes in operating multiplex movie theaters. The activity is organized around 3 areas:
- operation of cinema multiplexes: sale of tickets, confectionery, and beverages, sale of advertising space, event organization, etc. At the end of 2023, the group has a network of 109 cinemas in Belgium (11), Canada (36), the Netherlands (19), France (18), the United States (10), Spain (10), Luxembourg (3), in Switzerland and Poland;
- leasing of commercial spaces: restaurants, outlets, etc.;
- other: cinematographic distribution and production, and technical services (primarily technical assistance and projector maintenance; Decatron).
KINEPOLIS GROUP NV 
