| The Hoyts Group | |
|---|---|
 |
|
| Type | Private |
| Founded | 1926 |
| Headquarters | Sydney, Australia |
| Area served | Australia, New Zealand |
| Key people | Delfin Fernandez (Group CEO), Robert Slaviero (CEO - Hoyts Distribution), Graeme Yarwood (CEO - Val Morgan) |
| Industry | Film Exhibition, Film Distribution, Cinema Advertising |
| Parent | Pacific Equity Partners |
| Website | www.hoyts.com.au |
The Hoyts Group is an Australian company consisting of Hoyts Exhibition, Hoyts Distribution and Val Morgan. The term privately held company refers to ownership of a business company in two different ways first referring to ownership by non-governmental organizations and second Sydney (ˈsɪdniː is the most populous city in Australia, with a Metropolitan area population of approximately 4 For a topic outline on this subject see List of basic Australia topics. For other uses of this term see Industry (disambiguation An industry (from Latin industrius, "diligent industrious" A holding company is a company that owns part all or a majority of other companies' outstanding Stock. A website (alternatively web site or Web site, a back-construction from the Proper noun World Wide Web) is a collection of Web pages
Hoyts Exhibition manages 450 screens across 40 Australian and 9 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 indepenent films in Australia through theatrical, television and home entertainment channels[1].
The Hoyts Group is presently a wholly-owned subsidiary of the Sydney based Pacific Equity Partners[2][3].
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 and Dendy. Village Cinemas is an Australian cinema chain with some operations in Europe ( Czech Republic, Greece and Italy) Asia Greater Union is an Australian chain of cinema multiplexes. They are rivals with Hoyts and Village Cinemas, although Amalgamated Holdings Wallis Cinemas is a South Australian company that operates cinema complexes cinemas and drive-ins in the city of Adelaide and its suburbs
Contents |
History
At the start of the 20th century—specifically, in 1909—Melbourne dentist Dr Arthur Russell, who was, in his spare time, a cornet player and a magician, purchased a share in a small American travelling circus, known as Hoyts Circus, and travelled with them as the resident magician. The twentieth century of the Common Era began on Melbourne ( is the second most populous city in Australia, with a Metropolitan area population of approximately 3 After a financially disastrous run, Russell returned to his work as a dentist.
Undeterred, he leased the old St. Georges Hall in Bourke Street, Melbourne(later known as the Hoyts Esquire), and began showing short films on Saturday nights. Bourke Street Mall Redevjpg|thumb|200px|Bourke Street Mall during redevelopment]] Bourke Street is a major street in the central business district (CBD of Melbourne Melbourne ( is the second most populous city in Australia, with a Metropolitan area population of approximately 3 Unlike his previous venture, it was successful, and as a result, he formed a new company called Hoyts Pictures Pty. Ltd. By the time he died at the end of World War I, Hoyts had expanded into the suburbs of Melbourne, and into Sydney. Sydney (ˈsɪdniː is the most populous city in Australia, with a Metropolitan area population of approximately 4
In 1926, Hoyts and two other companies, Electric Theatres Pty. Year 1926 ( MCMXXVI) was a Common year starting on Friday (link will display the full calendar of the Gregorian calendar. Ltd. and Associated Theatres Pty. Ltd. , merged to become Hoyts Theatres Limited. In 1932, the Fox Film Corporation (now Twentieth Century Fox) secured a major shareholding in the company. Year 1932 ( MCMXXXII) was a Leap year starting on Friday of the Gregorian calendar.
In August 1982, Twentieth Century Fox sold Hoyts to a group of four Melbourne businessmen. Year 1982 ( MCMLXXXII) was a Common year starting on Friday (link displays the 1982 Gregorian calendar) In April 1985, the Fink family brought out the other partners to become the sole owner. Year 1985 ( MCMLXXXV) was a Common year starting on Tuesday (link displays 1985 Gregorian calendar) The Finks began to expand the company, into areas such as film distribution, home entertainment, and cinema operations in New Zealand, USA, South America and Europe. New Zealand is an Island country in the south-western Pacific Ocean comprising two main landmasses (the North Island and the South Island The United States of America —commonly referred to as the South America is a Continent of the Americas, situated entirely in the Western Hemisphere and mostly in the Southern Hemisphere, with a
In 1987, the corporation was restructured and two of the companies in the corporation were listed on the Australian Stock Exchange: Hoyts Media and Hoyts Entertainment. Year 1987 ( MCMLXXXVII) was a Common year starting on Thursday (link displays 1987 Gregorian calendar) The Australian Securities Exchange ( ASX) is the primary Stock exchange in Australia. However, the company that owned the cinemas, Hoyts Cinemas, was not floated until 1996. The years between 1987 and 1996 saw considerable expansion, so that by 1994, Hoyts was the 10th biggest cinema chain in the world and was owned by an American investment company—Hellman and Friedman—directors and senior management, and the Australian company Lend Lease Corporation. Lend Lease Corporation Limited is an Australian-based multinational property management and investment company
In 1996, Hoyts Cinemas was floated and in 1999, the late Kerry Packer's private family company, Consolidated Press Holdings, bought the chain for $620 million (AUD$745. 3 million). After that, Hoyts began to sell off cinemas. This trend began in 1999 when their Polish operations were sold, and in 2000 when their UK operations were also sold. Poland (Polska officially the Republic of Poland 2000 ( MM) was a Leap year that started on Saturday of the Common Era, in accordance with the Gregorian calendar. In 2003, Hoyts sold its Hoyts America operations to Regal Entertainment Group and Hoyts was bankrupt. Regal Entertainment Group ( is the largest Movie theatre chain in North America, operating 6423 screens in 529 locations in 41 U .
In 2004, it joined forces with Village Roadshow and AHL to bail out Val Morgan Cinema Advertising, eventually taking their stake to 100% in 2005. "MMIV" redirects here For the Modest Mouse album see " Baron von Bullshit Rides Again " Village Roadshow Limited is an Australian media company with interests in cinema, Theme parks film production and distribution In December that year, PBL and West Australian Newspapers purchased the company from Consolidated Press Holdings. Publishing and Broadcasting Limited ( PBL) was one of Australia's largest companies with interests primarily in media and gaming
Hoyts currently has Australia's largest multiplex cinema screen, located in Hoyts cinema 5, Blacktown, Sydney NSW it measures 28 metres across.
On March 29, 2007, Hoyts opened their latest cinema in Sylvia Park[1], in Auckland, New Zealand - featuring what is now the largest 35mm film screen in the world[2] and bean bag seating. Events 1461 - Wars of the Roses: Battle of Towton - Edward of York defeats Queen Margaret to become King Year 2007 ( MMVII) was a Common year starting on Monday of the Gregorian calendar in the 21st century. Sylvia Park is a large Business park and shopping centre in the Auckland, New Zealand suburb of Mount Wellington. The Auckland metropolitan area or Greater Auckland, in the North Island of New Zealand, is the largest and most populous urban area in the country New Zealand is an Island country in the south-western Pacific Ocean comprising two main landmasses (the North Island and the South Island A bean bag (also beanbag) is a sealed bag containing dried Beans or PVC pellets with various applications
In September, 2007, PBL and WAN sold each of their 50% shares in the Hoyts Group to Sydney-based private equity firm Pacific Equity Partners. The sale valued the company at $AU440 million[4].
Hoyts Distribution
Hoyts Distribution is the film distribution arm of the company. It existed in its own right in the 1980s-early 1990s, and was later merged with the distribution operations of Columbia Tristar and Twentieth Century Fox. }} Columbia Pictures Industries Inc is an American Film production and distribution company In 2002, the company was brought back to life, distributing primarily films produced by Nine Films and Television, Channel 9's film production arm, and major independent studios, such as Lions Gate Films. See also 2002 (disambiguation Year 2002 ( MMII) was a Common year starting on Tuesday of the Gregorian calendar. Nine Films and Television is the film and television production arm of the Nine Network. Channel 9 may refer to Channel 9 (Malaysia Channel 9 (New Zealand Channel 9 (Serbia Channel 9 (Thailand Lionsgate redirects here For other meanings see Lions' Gate (disambiguation.
Hoyts Exhibition
Hoyts Exhibition, the largest and most well-known arm of The Hoyts Group, manages cinemas in five Australian states; the Australian Capital Terrirtory, New South Wales, South Australia, Victoria and Western Australia.
Hoyts Exhibition also operates 8 cinemas across New Zealand
Australian Locations
| ACT | NSW | SA | Vic | WA |
|---|---|---|---|---|
| Belconnen | Bankstown | Norwood | Broadmeadows | Carousel |
| Tuggeranong | Blacktown | Salisbury | Chadstone | |
| Woden | Broadway | Tea Tree Plaza, Modbury | Eastland, Ringwood | Garden City |
| Charlestown | Forest Hill | Millennium | ||
| Chatswood Westfield | Greensborough | Queensgate | ||
| Chatswood Mandarin | Highpoint | Southlands | ||
| Cinema Paris, Moore Park | Melbourne Central | |||
| Eastgardens | Northland | |||
| Entertainment Quarter, Moore Park | Victoria Gardens | |||
| Erina | Watergardens | |||
| Mt. Druitt | ||||
| Penrith | ||||
| Warringah Mall | ||||
| Wetherill Park | ||||
| Warrawong |
New Zealand Locations
| Auckland | Christchurch | Dunedin | Wellington |
|---|---|---|---|
| Sylvia Park | Moorhouse | Octagon | Regent on Manners |
| Wairau Park | Northlands | ||
| Regent on Worcester | |||
| Riccarton |
Defunct locations
Hoyts Lower Hutt closed on 6 February 2008 after nearly 50 years of operation. The Auckland metropolitan area or Greater Auckland, in the North Island of New Zealand, is the largest and most populous urban area in the country Christchurch (Ōtautahi The largest City in the South Island, it is also the second largest city and third largest urban area of New Zealand Dunedin (dəˈneɪdɪn) Ōtepoti in Maori is the second-largest city in the South Island of New Zealand, and the principal city of the region of Wellington (ˈwælɪŋtən is the Capital of New Zealand, the country's second largest urban area, the
Hoyts also operated the Mid City Cinema complex from the mid-1980s until it closed down in the early 2000s. The site was later redeveloped into Conservation House, the headquarters of the Department of Conservation. The Department of Conservation (In Māori, Te Papa Atawhai) commonly known by its acronym " DOC " is the state sector organisation
Val Morgan
Val Morgan holds the advertising rights to virtually all advertising screens in Australia and almost all screens in New Zealand. In Australia, this includes the circuits of Hoyts, Greater Union, Village, Birch Carroll & Coyle, Wallis, Reading Cinemas, Australian Multiplex Cinemas, Skycity Cinemas, Regent Cinemas and the majority of independent cinemas[5].
In addition to on-screen advertising, Val Morgan is involved in such cinema-based advertising opportunities as co-branding, poster boxes, foyer displays and live advertisements[6].
Through a joint-venture with Motivate Publishing, the Gulf's leading publisher of magazines and books, Val Morgan has recently expanded its operations into the United Arab Emirates, representing the advertising interests of many key cinemas in the region[7].
Home entertainment
In the 1980s and early 1990s, Hoyts operated the local operations of RCA-Columbia Pictures Home Video, known as RCA-Columbia Pictures-Hoyts Home Video. It was later known as Columbia Tristar Hoyts Home Video, but Hoyts soon dropped out of the business. Hoyts Distribution releases are distributed on video and DVD by Sony Pictures Home Entertainment. Sony Pictures Home Entertainment is the Home video distribution arm of Sony Pictures Entertainment, a subsidiary of Sony Corporation.
There was also four imprints the company had: First Release Home Entertainment, Video Box Office, Magic Window (children's videos) and RCA-Columbia Pictures International Video.
Hoyts also had a joint venture with Polygram, forming Hoyts Polygram Video at the around the same time as their joint venture with RCA-Columbia Pictures Home Video. PolyGram was the name from 1972 of the Major label recording company started by Philips as a holding company for its music interests in 1945 Their only well known release was the film version of New Zealand comic strip Footrot Flats, entitled Footrot Flats: The Dog's Tale. New Zealand is an Island country in the south-western Pacific Ocean comprising two main landmasses (the North Island and the South Island Footrot Flats was a Comic strip written by New Zealand cartoonist Murray Ball. Footrot Flats The Dog's Tail Tale (also called Footrot Flats The Dog's Tale) is a 1986 New Zealand animated film based
References
- ^ Pacific Equity Partners
- ^ Hoyts to be sold to private equity group - ABC News (Australian Broadcasting Corporation)
- ^ Pacific Equity Partners
- ^ Private equity firm swallows Hoyts Group - Breaking News - Business - Breaking News
- ^ Val Morgan Cinema Network - : History
- ^ Val Morgan Cinema Network - : Off Screen
- ^ Val Morgan Cinema Network - : History
External links
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