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Digital Cinema To Aquire NSW Audio Retailer

Sydney based Digital Cinema is set to acquire Newcastle based Audio Junction.

According to Digital Cinema CEO Paul Godfrey the deal “Should be finalised this week”.

Digital Cinema is Australia’s most successful specialist audio and AV online retailer with the business now the #1 account for several distributors.

Audio Junction was established in 1981. Based in Newcastle NSW, the business services the fast-growing Hunter region which is growing as people move out of the cities to regional Australia.

ChannelNews understands that Digital Cinema is looking to grow their premium audio business via the acquisition of Audio Junction.

The business is owned by John Cornell.

Godfrey claims he will comment further later this week.