Hoyts
The Hoyts Group is an Australian company consisting of Hoyts Exhibition, Hoyts Distribution and Val Morgan.
Hoyts Exhibition manages 450 screens across 40 Australian and 10 New Zealand cinema complexes; making it Australia's second largest cinema chain. Val Morgan, the cinema advertising arm of the Hoyts group, dominates the cinema advertising market with over 95% market share. Finally, Hoyts Distribution is the largest independent film distributor in Australia; a business centred around the purchase of rights to, and subsequent management of, distributing independent films in Australia through theatrical, television and home entertainment channels.
The Hoyts Group is presently a wholly owned subsidiary of the Sydney-based Pacific Equity Partners.
In the exhibition business, the largest part of The Hoyts Group, their main rivals are Village, Greater Union and, to a lesser extent, Wallis Cinemas, Palace Cinemas and Dendy.
On 17 March 2010 Australia’s Hoyts Corporation announced its intention to expand its New Zealand Cinema operations with the purchase of Barrie Everard's Berkeley Cinema Group. The two companies completed the transaction in June 2010 after regulatory approval.
Read more about Hoyts: History, Digital Cinema Capital Investment Plans, Hoyts Distribution, Hoyts Exhibition, Val Morgan, Home Entertainment