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Icon Film Distribution buys Australian arthouse brand Dendy

Icon has acquired the 35 cinema screens in Australia and the distribution interests that underpin one of Australia's key arthouse film brands, Dendy.Becker Group Limited announced the sale today and said it was worth a 'cash consideration' of $19.4m (A$21m). The sale is expected to be completed by Mar 31. A competitive bid process was used and Becker managing director Warwick Syphers said Icon was selected based on various parameters including value, timing and ...

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