StudioCanal signed an agreement to acquire Hoyts Distribution, one of the leading independent film distributor in Australia and New Zealand. This is the first buy outside of Europe for the Paris-based Studiocanal, which is owned by France’s Canal Plus Group, who also have distribution arms in France, the UK and Germany.
The press release follows:
Canal+ Group today announced an agreement between Hoyts Group and StudioCanal to acquire 100 % of Hoyts Distribution, their film distribution division operating in Australia and New Zealand.
Hoyts Distribution has been operating a successful film distribution business in Australia and New Zealand for over 10 years, becoming one of Australia’s leading independent film distribution companies. Hoyts Distribution boasts a film library that contains over 120 titles, including four films from the highly successful Saw series and all of the films from the enormously popular Twilight franchise, including the final instalment, The Twilight Saga: Breaking Dawn – Part 2, which opens in Australian cinemas November 15.
The Hoyts Distribution acquisition will allow SudioCanal to have new opportunities for its international productions such as Paddington, produced by David Heyman.
StudioCanal will look at new opportunities for its international productions in Australia with its great talent and favorable tax incentives.
StudioCanal will also strengthen the exploitation of its catalogue in this market.