Undertaking date

Undertaking type

s.87B undertaking

Reference number

D04/1836

Section

s. 50

Company or individual details

  • Name

    Hoyts Multi-Plex Cinemas Pty Limited

    ACN

    006 564 585
  • Name

    The Greater Union Organisation Pty Limited

    ACN

    000 024 439
  • Name

    Birch Carroll & Coyle Limited

    ACN

    009 659 643
  • Name

    Village Cinemas Australia Pty Limited

    ACN

    006 735 002
  • Name

    Entertainment of the Future Pty Limited

    ACN

    066 861 514
  • Name

    Val Morgan and Co (Aust) Pty Limited

    ACN

    004 806 857
  • Name

    Media Entertainment Group Limited

    ACN

    007 290 539
  • Name

    Independent Cinema Advertising Pty Limited

    ACN

    060 535 882
  • Name

    Val Morgan Holdings Pty Limited

    ACN

    102 805 756

Undertaking

These are Variations to the Undertakings accepted by the Commission on 13 December 2002.

The Variation provides for the closure of the Val Morgan slide advertising business.

Val Morgan will:

  • honour existing contractual obligations to exhibitors and advertisers;
  • honour their contractual obligations to Independent Exhibitors and, where required by those obligations, continue to pay agreed minimum guarantee payments where there is no mechanism to adjust the minimum guaranteed payment as a result of ceasing to sell any further slide advertisements for exhibition on the screens of the Independent Exhibitor.

In addition:

  • Val Morgan are to provide reasonable notice (2 months) to exhibitors as soon as possible that Val Morgan will not continue to sell slide advertising; and
  • that all existing contracts with advertisers (including those entered into during the notice period) being honoured and allowed to continue after the date on which Val Morgan cease to sell slide advertising until their contractual obligations are satisfied

Variations

current positiondatetitlevariation status
12 Nov 2003 Hoyts Multi-Plex Cinemas Pty Limited - variation - s.87B undertaking variation of original
13 Dec 2002 Hoyts Multi-Plex Cinemas Pty Limited - s.87B undertaking original