Icon moves into Dendy

By Simon de Bruyn

 

Icon Films has officially moved into Dendy’s premises at Lennox St, Newtown as of May 1.

This formalises the Becker Group sale of the Dendy cinema and film distribution business to Mel Gibson’s Icon Film Distribution for a reported $21 million.

 

The takeover, completed on March 3 this year, was unopposed by the Australian Competition & Consumer Commission (ACCC) who said that the "proposed acquisition was unlikely to substantially lessen competition in the relevant market."