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StudioCanal Acquires Hoyts Distribution Down Under
European production and distribution giant StudioCanal has expanded its footprint to Australia and New Zealand, acquiring Hoyts Distribution, which releases the Twilight franchise Down Under. Hoyts Corp, which owns the second-biggest circuit in Australasia, had been looking to unload its distribution unit before The Twilight Saga: Breaking Dawn Part 2 opens here in November. No price was disclosed for the 11-year-old distribution company, which has a library of more than 120 titles, but industry executives estimated it would have fetched $A20 million-$A30 million. The existing team led by CEO Robert Slaviero remains in place. Read More »

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Australian Movie Distributor Hoyts For Sale

By | Friday June 1, 2012 @ 12:26am PDT

Freelance journalist Don Groves is a Deadline contributor based in Sydney.

Hoyts DistributionEXCLUSIVE: Hoyts Distribution, which handles The Twilight Saga franchise in Australia, is on the market. Private equity firm Pacific Equity Partners, which bought the Hoyts group for $A440M in 2007, is anxious to sell before the final installment Breaking Dawn Part 2 opens in November. PEP in 2010 flagged its intention to unload the entire group that was once owned by Kerry Packer and includes the second-largest cinema chain in Australia and New Zealand and a screen advertising business, but nothing came of it. Headed by Robert Slaviero, Hoyts Distribution has amassed a sizable library since it launched in 2001 and one rival distributor estimates the division’s worth at about $40M. PEP and Hoyts execs made presentations to potential buyers at the Cannes market. The sale has ramifications for U.S. suppliers as Hoyts has contracted to release a bunch of titles through 2013 including Killing Them Softly, Alex Cross, Robosapien: Rebooted 3D, The Impossible, The Sweeney, The Host, Broken City, Thunder Run 3D and Necromancer.

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