The Hoyts Group is an Australian group of companies, including Hoyts Exhibition, Hoyts Kiosk and Val Morgan. Hoyts Exhibition manages 450 screens across 40 Australian and 10 New Zealand cinema complexes, making it Australia's second largest cinema chain. Val Morgan, the cinema advertising arm of the Hoyts Group, dominates the cinema advertising market with over 95% market share. Hoyts Distribution is the largest independent film distributor in Australia; a business centred on the purchase of rights to, and subsequent management of, distributing independent films in Australia through theatrical, television and home entertainment channels.