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.”