Digital Cinema to acquire NSW audio retailer – channelnews
Sydney-based Digital Cinema is preparing to acquire Newcastle-based Audio Junction.
According to Digital Cinema CEO Paul Godfrey, the deal “should be finalized this week”.
Digital Cinema is Australia’s most successful online audio and audiovisual retailer, with the company now the # 1 account for multiple distributors.
Audio Junction was established in 1981. Based in Newcastle NSW, the company serves the growing Hunter region which expands as people move from cities to regional Australia.
ChannelNews understands that Digital Cinema is looking to grow its premium audio business through the acquisition of Audio Junction.
The company is owned by John Cornell.
Godfrey says he will comment further later this week.