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Israeli popcorn prices under fire | Israeli popcorn prices under fire |
(about 11 hours later) | |
An Israeli member of parliament has suggested a new law that would limit the price of popcorn in the cinema. | An Israeli member of parliament has suggested a new law that would limit the price of popcorn in the cinema. |
Carmel Shama of the governing Likud party has suggested a law that would see an end to 200% mark-ups on snacks and drinks at the cinema. | Carmel Shama of the governing Likud party has suggested a law that would see an end to 200% mark-ups on snacks and drinks at the cinema. |
The law is in its very early stages and is not expected to come to a vote for some months. | The law is in its very early stages and is not expected to come to a vote for some months. |
Cinema companies condemned the proposed law saying most cinemas' profits came from food sales. | Cinema companies condemned the proposed law saying most cinemas' profits came from food sales. |
"We have to put an end to this. The public should not have to mortgage their houses for a snack and a soft drink," Mr Shama told the Hebrew newspaper Yedioth Aharonoth. | |
A large box of popcorn sells for around $5 (£3.30), double the price of ready-to-eat popcorn bought in a supermarket and about 10 times the price of popping kernels at home. | A large box of popcorn sells for around $5 (£3.30), double the price of ready-to-eat popcorn bought in a supermarket and about 10 times the price of popping kernels at home. |
But Yaacov Cohen, owner of one of Israel's largest cinema chains, said the move was "populist", and that many cinemas only broke even after ticket sales. | But Yaacov Cohen, owner of one of Israel's largest cinema chains, said the move was "populist", and that many cinemas only broke even after ticket sales. |
"It would destroy the entire industry," the newspaper quoted him as saying. | "It would destroy the entire industry," the newspaper quoted him as saying. |
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