The Australian Competition and Consumer Commission (ACCC) has greenlit a proposal from Australia's three largest exhibitors - Village Roadshow, Hoyts and Greater Union - to replace their separate cinemas on George Street, Sydney with a site in which they will share the same building, staff, box office and candy bar.

The decision is based on assurances that competition between the businesses is maintained, but the ACCC has reserved the right to reconsider the arrangement. It is believed to be the first such shared arrangement in Australia and is intended as a method of rejuvenating the traditional cinema strip on George Street.