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Studiocanal buys Hoyts Distribution

An Australian independent film distributor has been acquired by a European production and distribution film studio.

Hoyts Distribution, the distribution arm of Hoyts Group, distributor of both the Twilight series and the Saw series, has been acquired by Studiocanal.

The entry of Studiocanal into the Australian market will see the subsidiary of Canal+ Group look to bring international productions to Australia to take advantage of the lucrative tax incentives and strong local talent, according to a press release.

Olivier Courson, chairman and CEO of Studiocanal said: “We are very happy to develop direct operations in Australia, one of the most dynamic markets in the world, with the very experienced and talented team of Hoyts, led by Robert Slaviero. We believe there are strong opportunities in this territory for our films.”

Slaviero said: “This is great for the business and we are so pleased about the exciting times ahead. Studiocanal is a strong distribution business that produces its own content and acquires product. We’re extremely proud to be part of its growing success.”

David Kirk, chairman of the Hoyts Group said: “Hoyts Distribution is a successful and well established business in Australia and New Zealand and we are delighted they are joining a powerful global player in Studiocanal. We look forward to continuing to work with one of Australia and New Zealand’s largest independent distributors.

Studiocanal was the production company behind Tinker Tailor Soldier Spy and the forthcoming Paddington, a film version of the popular duffle-coated bear series.

Hoyts Distribution has been distributing films across Australia and New Zealand for over 10 years.

Studiocanal has operations in France, the UK and Germany, distributes over 50 films a year and has a library of over 5,000 titles.

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