THE HOYTS GROUP is an Australian group of companies, including Hoyts
Hoyts Kiosk and Val Morgan.
Hoyts Exhibition manages 452 screens across 42 Australian and 10 New
Zealand cinema complexes, making it Australia's second largest cinema
chain. Val Morgan, the cinema advertising arm of the
dominates the cinema advertising market with over 95% market share.
Hoyts Distribution is the largest independent film distributor in
Australia; a business centred on the purchase of rights to, and
subsequent management of, distributing independent films in Australia
through theatrical, television and home entertainment channels.
In June 2015, the
Hoyts Group was wholly acquired by Wanda Cinema
Line , a subsidiary of Chinese conglomerate Dalian
Wanda Group , the
largest commercial property developer in China and world's largest
cinema chain operator.
In the exhibition business, the largest part of the
their main competitor is
Event Cinemas (partnered with Village Cinemas
in Victoria and Tasmania) and smaller competitors include Wallis
Cinemas , Palace Cinemas , Dendy,
Reading Cinemas and the Avoca Beach
Picture Theatre (whom operate on a small scale in Australia).
* 1 History
* 2 Features
* 2.3 Xtremescreen
* 2.5 Bean Bag Cinema
* 2.6 D-Box
* 3 Digital Cinema capital investment plans
* 5.1 Bluewater
* 6 Val Morgan
* 8 Home entertainment
* 9 See also
* 10 References
* 11 External links
Former logo of
At the start of the 20th century 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. 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 in 1908 began
showing short films on Saturday nights. 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
Hoyts had expanded into the suburbs of Melbourne, and into
On September 29, 1926,
Hoyts and two other companies, Electric
Theatres Pty. Ltd. and Associated Theatres Pty. Ltd., merged to become
Hoyts Theatres Limited. On March 27, 1936, the Fox Family Pictures
Twentieth Century Fox ) secured a major shareholding in the
In August 1982,
Twentieth Century Fox sold
Hoyts to a group of four
Melbourne businessmen. In April 1985, the Fink family subsequently
bought out the other partners to become the sole owner. The Finks
began to expand the company, into areas such as film distribution,
home entertainment, and cinema operations in
New Zealand , the United
South America and
In 1987, the corporation was restructured and two of the companies in
the corporation were listed on the
Australian Stock Exchange : Hoyts
Hoyts Entertainment. However, the company that owned the
Hoyts Cinemas, was not floated until 1996. The years between
1987 and 1996 saw considerable expansion, so that by 1994,
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 .
The foyer of the eight-screen
Greensborough Plaza ,
Greensborough , a north-eastern suburb of
Melbourne . This picture was
taken in October 2012, and like many other national chains within this
shopping centre, Hoyts' old logo remains at the front.
Hoyts Cinemas was floated and in 1999, the late Kerry Packer
's private family company,
Consolidated Press Holdings , bought the
chain for $620 million (A$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. In 2003,
Hoyts sold its
Hoyts America operations to Regal
Entertainment Group and
National Amusements with the remaining cinemas
Boston, MA -based Northeast Cinemas (which acquired US rights
Hoyts brand name) or sold to independent operators or closed.
As of 2017, multiplexes in
Simsbury, CT and Linthicum Heights, MD
still operate under the
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. In December that year, PBL and West Australian Newspapers
purchased the company from
Consolidated Press Holdings .
On 29 March 2007,
Hoyts opened their latest cinema in
Sylvia Park ,
New Zealand —featuring what is now the largest 35 mm
film screen in the world and bean bag seating.
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 A$440 million.
In October 2008,
Hoyts announced a takeover bid for Australian
Multiplex Cinemas (AMC). The purchase did not proceed, although at the
Hoyts still hoped to return to Queensland, where previously they
had owned theatres in Brisbane and a three cinema complex in Surfers
Paradise on the Gold Coast.
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,
adding four multiplexes to
New Zealand presence in Auckland.
In October 2010 it was announced that
Hoyts will acquire Australian
Multiplex Cinemas . This purchase was successfully completed in
In December 2014,
Hoyts was bought by Chinese billionaire Sun
Xishuang , who is believed to have paid up to A$900 million through
his investment company ID Leisure Ventures, based in the British
Virgin Islands. Most of the
Hoyts management were expected to be
retained. Sun has links to the Chinese conglomerate Dalian Wanda,
which in 2012 bought the American cinema chain
AMC Theatres .
On 2 June 2015
Wanda Cinema Line , a subsidiary of Dalian Wanda Group
Hoyts from ID Leisure Ventures for an undisclosed amount,
speculated to be more than the AUD $900 million.
In March 2016 the
Australian Taxation Office revealed that despite
$417 million in gross earnings in 2013-14,
Hoyts had not paid any tax.
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Hoyts LUX offers cinema-goers the best seat in the house. Ticket
holders can use an exclusive bar before or after their chosen film ,
with a selection of food and drinks. Food can also be delivered to a
customer's seat if he or she wants to eat or drink during the
screening. More details on HOYTS LUX can be found here.
Hoyts introduced their first out of the ordinary complexes
with every cinema consisting of powered recliner seating . Created for
ultimate comfort, each
Recliner features extra leg room, wider seating
and a side-table with a large cup holder. Six cinemas around
Australia are currently undergoing the transformation with most
planned to open before the summer school holidays .
Xtremescreen cinemas boast the biggest screen and best sound in the
complex, with the screen at
Hoyts Blacktown being the largest at 28
metres wide. The cinema uses 4K digital projection for these screens.
Xtremescreen primarily uses
Dolby Digital Plus as the system sound
Dolby Atmos is used in the newer cinemas. Many movies
can be screened with Xtremescreen, if they meet the chain's
Hoyts launched the first joint venture with
North America and opened three Digital
IMAX screens retrofitted into
existing theatres at their Carousel, Entertainment Quarter and
Highpoint multiplexes. The first film shown in
IMAX was the 2008
remake of The Day the Earth Stood Still . Both 2D and 3D films are
Hoyts IMAX. Only selected
IMAX films are shown.
BEAN BAG CINEMA
Bean Bag Cinema replaces ordinary cinema seating with oversized bean
bags . Bean Bag cinemas are designed to create a relaxing environment
where customers can "chill out". In May 2010 the name was changed to
Bean Bag Cinema replacing 'thehalfpipe'.
D-Box is a brand new motion experience introduced in
Hoyts Te Awa,
located in Hamilton, New Zealand. The seats are coded via Motion Code,
and move interactively with the movie. This is not the first time the
company has experimented with motion simulation. In the mid-1990s
Hoyts previously operated a motion simulator ride at the Highpoint
cinema(in the location currently occupied by Imax), though it used
ride films instead of commercial blockbusters. It was called
"Cinemotion" and was created by Iwerks who also supplied the films
DIGITAL CINEMA CAPITAL INVESTMENT PLANS
Hoyts Exhibition replaced all film equipment with Digital Cinema
equipment within an ambitious 18 month window, in preparation for the
sale of the
Hoyts group. The modernization of the equipment to the
current Hollywood mandated Digital Cinema standard, is expected to
cost the group somewhere in the order of 30 million AUD. This amount
is subsidized by the Virtual Print Fee received from the participating
Hollywood Studios. This 30M AUD cost is also expected to be offset by
the significant reduction in staffing requirements (exhibitors in the
USA are claiming a 90% reduction in projection staff
Hoyts follow through with their capital
investment plans, they stand a chance of relinquishing their position
as the lowest capital investor in the Australian cinema exhibition
HOYTS DISTRIBUTION was the film distribution arm of the Group until
2012. It existed in its own right in the 1980s-early 1990s, and was
later merged with the distribution operations of Columbia TriStar and
20th Century Fox . 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
Lions Gate Entertainment . In July 2012 it was acquired by
Cannon Films (1980–1995) (when
MGM Home Entertainment replaced
Summit Entertainment (2007–2013)
Hoyts Exhibition, the largest and most well-known arm of The Hoyts
Group, manages cinemas in five Australian states; the Australian
Capital Territory, New South Wales, South Australia, Victoria and
Hoyts Exhibition also operates 8 cinemas across New Zealand.
Hoyts were the original operator of the multi-screen cinema at the
Bluewater shopping mall in the UK, having been signed up by Bluewater
Lend Lease Corporation (also an Australian firm).
operated the 'Gallery' upmarket subsection to the Bluewater cinema. A
couple of years later,
Hoyts decided to exit the UK market to
concentrate on their operations in
Australia and New Zealand, as the
Bluewater site was their only UK operation, making the operation
Showcase Cinemas , an established UK cinema operator,
took over operation of the Bluewater cinema, though retained much of
the fabric, layout and design that had been introduced by Hoyts,
including The Gallery. (Showcase also operate the
Cinema de Lux brand
of upmarket cinema but as of 2009 have not introduced this branding to
the Gallery at Bluewater).
Current logo of Val Morgan.
Val Morgan holds the advertising rights to virtually all advertising
Australia and almost all screens in New Zealand. In
Australia, this includes the circuits of Hoyts, Greater Union,
Village, Birch Carroll VIDEO BOX OFFICE, which handled other B-movies,
HBO in the US, and other mainstream releases; and MAGIC
WINDOW , which handled children's videos (the sub-label was used for
the same purpose by RCA-Columbia in North America).
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. Their only well known release was
the film version of
New Zealand comic strip
Footrot Flats , entitled
Footrot Flats: The Dog\'s Tale .
* Birch Carroll ">
* ^ Pacific Equity Partners
* ^ "RPT-China\'s Dalian Wanda buys Australian cinema chain Hoyts".
Reuters. 2 June 2015. Retrieved 3 June 2015.
* ^ "St Georges Hall /
Hoyts De Luxe / Esquire, Melbourne". Cinema
and Audience Research Project. Retrieved 9 July 2017.
* ^ http://www.hoyts.co.nz/Cinemas/Cinema_Search.aspx
* ^ http://www.scoop.co.nz/stories/CU0703/S00302.htm
* ^ "Private equity firm swallows
Hoyts Group". The Age. Melbourne.
24 September 2007.
* ^ Gibson, Nevil (17 March 2010). "
Hoyts to buy out Barrie
Everard\'s Berkeley cinemas".
National Business Review
National Business Review . Retrieved 3
* ^ Lynch, Jared (23 December 2014). "
Hoyts sold to investment firm
ID Leisure Ventures". The
Sydney Morning Herald. Sydney. Retrieved 10
* ^ Frater, Patrick (2 June 2015). "China’s Wanda Buys
Hoyts Multiplex Chain". Variety. Retrieved 3 June 2015.
* ^ "98 private companies earning over $200m pay no tax: ATO". ABC
News. Retrieved 2016-04-04.
* ^ "HOYTS launches
Recliner Seating at no extra cost!". Spotlight
Report "The Best Entertainment Website in Oz". Retrieved 11 November
* ^ "
Hoyts to revamp cinemas with reclining seats". NewsComAu.
Retrieved 11 November 2015.
* ^ http://www.studiocanal.com/en/studiocanal-group/about
Hoyts Bluewater development
* ^ Showcase Bluewater website
* ^ A B "History". Val Morgan Cinema Network. Retrieved 20 March
* ^ "Val Morgan Outdoor". Val Morgan Cinema Network. Retrieved 20
* ^ "About HOYTS Kiosk".