JOHANNESBURG – Two of the country’s biggest cinema chains will appear before the Competition Commission on Monday for alleged collusion.
Ster-Kinekor and Nu-Metro are accused of engaging in market allocation, stemming from a disagreement over operations at Cape Town’s V&A Waterfront shopping complex.
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The matter went to court, but the two cinema giants settled out of court, agreeing that Nu Metro would only show commercial films, while Ster-Kinekor could only show subtitled or art movies.
Now, the commission is of the view the agreement amounted to market allocation and wants to fine Ster-Kinekor 10 percent of its annual turnover.