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Movie production business could be forced to sell | Sky News AustraliaEntertainment heavyweight Village Roadshow, behind blockbuster movies such as Zoolander and Oceans 8, could be forced to sell its struggling movie production business.\n\nThe family that controls the entertainment company is feuding over the best way to make sure the business is profitable again, after losing more than $500 million in market value over the past five years. \n\nThe bitter family dispute could reshape the company, which owns strings of cinemas in Victoria and operates Warner Brothers Movie World, Sea World and Wet 'n' Wild, the Gold Coast's three major theme parks.\n\nVillage Roadshow is currently worth $553 million, while cinema competitor Event is valued at $2.1 billion.\n\n\nImage: News Corp Australia\n\n\n\n\n\n\n\n\n To...Murdoch? SkyNews Has the AnnastaciaMP government run out of taxpayer revenue?
Source: SkyNewsAust - 🏆 7. / 78 Read more »
Family behind Village Roadshow in feud over company's futureVillage Roadshow could be forced to offload its struggling movie production business, behind Zoolander and Ocean's 8, with members of the wealthy Kirby family that controls the sprawling entertainment business feuding over the best way to restore its lacklustre performance. kloussikian I’m calling bullshit. They’re using the pretence of a feud to unload a liability. Much easier to sell a money pit if people think they’re buying a cash cow.
Source: smh - 🏆 6. / 80 Read more »
Family behind Village Roadshow in feud over company's futureVillage Roadshow could be forced to offload its struggling movie production business, behind Zoolander and Ocean's 8, with members of the wealthy Kirby family that controls the sprawling entertainment business feuding over the best way to restore its lacklustre performance.
Source: theage - 🏆 8. / 77 Read more »