Vista buys NZ movie website Flicks for undisclosed sum

Fri, 08 Apr 2016

By Sophie Boot April 8 (BusinessDesk) - Vista Group International, the cinema software and analytics firm, bought movie website Flicks for an undisclosed sum. The deal was effective today, and while the terms are confidential, Vista said it's based on an initial payment with future top-ups contingent on earnings in the 2016 financial year. Flicks is a profitable company, and while its revenue and profit are not material to Vista, it will add to Vista’s revenue and earnings in 2016 and beyond, the Auckland-based company said in a statement...

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