UPDATED: The shares of Wanda Cinema Line, China's largest private sector movie exhibitor plunged by 10% after the company announced revenue data for the first half year.
China's Wanda Cinema Line is to buy Hoyts Group, Australia's second largest chain of movie theaters.
ID Leisure Ventures has been confirmed as the buyer of Hoyts. The company is a close associate of Wanda group, owner of AMC and the biggest theater chain in China.
A Chinese investor, and associate of Dalian Wanda, is the front runner to buy Australian cinema chain Hoyts.
The planned initial public offering of Australian multiplex chain Hoyts has been called off, according to media reports.
HONG KONG – Australia's number two cinema chain Hoyts took a step closer to a share market flotation this week with the appointment of investment bank UBS as advisors. The company is currently owned…
Leaders and latecomers jostle for position ahead of Netflix's expected arrival 'Down Under'
HONG KONG — Several of Australia's largest cinema operators have combined forces to launch a nationwide cinema information website, Movietimes. The site (www.movietimes.com.au) provides movie, cinema…
European film and TV giant Studiocanal has inked with Hoyts Group to acquire Hoyts Distribution, a top distrib in Australia and New Zealand.
Private equity group Pacific Equity Partners will extend its Hoyts brand Down Under with the purchase of Australian Multiplex Cinemas.
Imax and Hoyts Cinemas, one of Australia's largest exhibs, Thursday announced a joint venture to install Imax digital theaters in Perth, Melbourne and Sydney.