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Hoyts Group backs new Australian DVD rental service - HomeScreen Entertainment

Announcement posted by HomeScreen Entertainment 06 Nov 2003

Australian entertainment company, HomeScreen Entertainment, has launched a new internet-based home entertainment service, HomeScreen (http://www.homescreen.com.au) and has announced a major strategic partnership with movie giant Hoyts.
The agreement will see Hoyts Group invest in the company and allow HomeScreen to benefit from the film industry knowledge and relationships of the Hoyts Group as well as marketing HomeScreen to Hoyts customers.
This will complement the HomeScreen teams experience in offering Australian consumers an easy, convenient and deeply-personalised entertainment service via the Internet.
"Hoyts is a clear leader in the film and cinema business in Australia and New Zealand," said Tony Faure, CEO of HomeScreen Entertainment.
Their decision to invest in HomeScreen Entertainment provides us with the industry experience, brand and relationships to complement our expertise in building great online brands and services. This combination will allow us to take a leadership position in what will be one of the fastest-growing segments of the entertainment market," Mr Faure said.
Paul Johnson, CEO of Hoyts Group, said home entertainment was a natural extension of Hoyts' existing businesses in film and cinema.
Hoyts is keen to build a position in the home movie market to add to our strength in the cinema market. Online DVD rental is a rapidly growing sector in the US and we believe that there is a great opportunity to replicate this opportunity in Australia. The experience of the HomeScreen team and their progress to date make us confident that, together, we will have a winning partnership," Mr Johnson said.
About HomeScreen
HomeScreen is a smarter way to rent DVDs; it gives subscribers access to more than 7,000 DVD titles for a monthly subscription fee, with no late fees. Subscribers create their own list of DVDs they want to see; DVDs are delivered and returned by mail, offering the convenience of never having to go to a video store again.
For a limited time, customers who sign up for HomeScreen's $8.50 per week plan can trial the service for free for two weeks.
HomeScreen is available at http://www.homescreen.com.au.
About HomeScreen Entertainment Pty Ltd
HomeScreen was founded and is lead by four seasoned internet professionals, Peter Everingham, Tony Faure, Alan Jones and Stephen Steneker, who were responsible for much of the growth and success of internet pioneer Yahoo! in Australia and South East Asia. The teams passion as entertainment consumers saw them come together again to bring to market a subscription service that delivers entertainment which is cost-effective, convenient and efficient.
HomeScreen Entertainment Pty Ltd is located in Surry Hills, New South Wales.
About Hoyts
The Hoyts Group is a wholly owned subsidiary of Consolidated Press Holdings. The Hoyts Group consists of Australian and New Zealand Cinemas, Hoyts Cinemas International, Hoyts Film Distribution and a thirty three per cent stake in Val Morgan Holdings.