The Hoyts Group of companies in Australia and New Zealand includes
Hoyts Cinemas and Val Morgan. Hoyts operates more than 450 cinema
screens and 55,000 seats, making it Australia's second largest movie
exhibitor after Event Hospitality and Entertainment. Val Morgan sells
advertising on cinema screens and digital billboards.In 2015, the
majority of Hoyts was acquired by a Chinese conglomerate, the Wanda
Group. In Argentina by Cinemark.[citation needed] In Chile it was
acquired by Cinépolis, and in Uruguay by Life Cinemas.1909 - 1930: At
the start of the 20th century, dentist Arthur Russell bought a share
in a small touring tent show incorporating magic and moving pictures.
Russell also performed shows at St George's Hall in Bourke Street,
Melbourne, and in 1909 moving pictures was the only attraction.
Russell eventually negotiated a long lease for St George's Hall with
the purpose of opening a Picture Palace called Hoyt's Pictures. By the
time he died at the end of World War I, Hoyts had expanded into the
suburbs of Melbourne and into Sydney. In 1926, Hoyts and two other
companies, Electric Theatres Pty. Ltd. and Associated Theatres Pty.
Ltd., merged to become Hoyts Theatres Limited. In 1930, the Fox Film
Corp. (now Twentieth Century Fox) acquired a majority of shares in
Hoyts Theatres Ltd. Hoyts Biography, NetWorth, Height, Age, Weight, Family, Married, Son, Daughter