Pending sale of HOYTS Cinemas now at risk
The pending sale of HOYTS Cinemas may be put on ice, after a Chinese film production and streaming group acquired the majority stake in the cinema chain’s parent company.
Beijing production house China Ruyi has bought 51% of Dailian Wanda Group, who own Wanda Film, China’s largest cinema operator, and HOYTS’ parent company.
China Ruyi bought an initial 49% stake last June, making it the sole owner of the investment group – and the Aussie cinema chain.
