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City's iconic cinema sold

posted 7 Dec 2012, 05:28 by Tollcross Junction   [ updated 7 Dec 2012, 05:30 ]

The owners of the Cameo ­cinema have sold the chain in a £47.3 million deal.

Picturehouse has been taken over by Cineworld, which runs a multiplex at Fountain Park.

Cineworld said the deal would allow it to tap into “new audiences in a high-value and growing part of the market”.

Lyn Goleby, co-founder and managing director of ­Picturehouse, said the Cameo, in Home Street, will be true to its roots, adding: “The unique character of Picturehouse cinemas will remain and our team will continue to bring the widest range of film to customers.”

Cameo Cinema, Home Street, Edinburgh.

Source: The Scotsman