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Sale of Hoyts Now A Two-Horse Race

The latest from Publishing & Broadcasting’s imminent sale of Australian cinema chain Hoyts is that the field of candidates is now down to two suitors. Sydney buyout firm Private Equity Partners is down to the wire against India’s Pyramid Saimira Theatre, as the offer prise has gone u…

Sale of Australian Hoyts Said To Be Close

The sale of Hoyts, one of Australia’s Big Three exhibitors, is said to be imminent. Partly owned by James (Son of Kerry) Packer’s Publishing and Broadcasting and West Australian Newspapers, which bought Hoyts for $347m just two years ago. The asking price is said to be north of $400, but…

India is becoming multiplex capital of the world

For a country that produces more films than Hollywood and sells more tickets each year than the US, you would think that India had a lot of cinemas. It doesn’t. Rather shockingly it is one of the most under-screened countries in the whole world. Whereas in the US there are 177 screens per mill…