Palace under pressure? Don’t panic!

Palace Cinemas is the largest exhibitor committed to arthouse film and therefore festival-driven Australian productions. Now it seeks some changes in its financial structure.

Eight days ago, the Australian Financial Review headlined a story, ‘Hoyts eyes off Palace Cinemas’. It was of course carefully written. ‘Street Talk understands Palace owner the Zeccola family has tapped PwC to run a sale process and Hoyts is one of a handful of parties to have expressed an early interest’, it remarked. 

Concentrating on the Hoyts side of the story is a smart move because it does not comment on why the family would want to sell any part of Palace. 

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David Tiley was the Editor of Screenhub from 2005 until he became Content Lead for Film in 2021 with a special interest in policy. He is a writer in screen media with a long career in educational programs, documentary, and government funding, with a side order in script editing. He values curiosity, humour and objectivity in support of Australian visions and the art of storytelling.