Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


Acquisition for cinema advertising businesses

Val Morgan Holdings applies to acquire cinema advertising businesses

The Commerce Commission has received a clearance application from Val Morgan Holdings Pty Limited (VMH), to acquire the cinema advertising businesses of Val Morgan & Co (Aust) Pty Limited (Val Morgan) and Media Entertainment Group Limited (MEG).

Val Morgan and MEG both provide cinema advertising services in New Zealand and Australia. In New Zealand, these services are provided through their wholly owned subsidiaries. The application focuses on cinema advertising businesses carried on by MEG and Val Morgan in New Zealand. Both Val Morgan and MEG are owned by Television & Media Services Limited, a company listed on the Australian Stock Exchange.

VMH is a proposed entity to be jointly owned by The Hoyts Corporation Pty Limited, the Greater Union Organisation Pty Limited and Village Cinema Australia Pty Limited.

In considering the application under the Commerce Act, the Commission's role is to determine whether the merger has the effect of substantially lessening competition in any market.

A public version of the application is available on request from the Commerce Commission. Please contact Catherine Best, (04) 924 3654.

© Scoop Media

Business Headlines | Sci-Tech Headlines


Media Mega Merger: StuffMe Hearing Argues Over Moveable Feast

New Zealand's two largest news publishers are appealing against the Commerce Commission's rejection of the proposal to merge their operations. More>>


Approval: Northern Corridor Decision Released

The approval gives the green light to construction of the last link of Auckland’s Western Ring Route, providing an alternative route from South Auckland to the North Shore. More>>


Crown Accounts: $4.1 Billion Surplus

The New Zealand Government has achieved its third fiscal surplus in a row with the Crown accounts for the year ended 30 June 2017 showing an OBEGAL surplus of $4.1 billion, $2.2 billion stronger than last year, Finance Minister Steven Joyce says. More>>


Mycoplasma Bovis: One New Property Tests Positive

The newly identified property... was already under a Restricted Place notice under the Biosecurity Act. More>>

Accounting Scandal: Suspension Of Fuji Xerox From All-Of-Government Contract

General Manager of New Zealand Government Procurement John Ivil says, “FXNZ has been formally suspended from the Print Technology and Associated Services (PTAS) contract and terminated from the Office Supplies contract.” More>>