Village Roadshow Entertainment Secures $480 Million
The $325 million in new capital comes from a consortium of worldwide investors.
Fresh off major successes like American Sniper, The Lego Movie, San Andreas and Mad Max: Fury Road, Village Roadshow Entertainment said Monday it has completed a $480 million recapitalization that includes $325 million in new money.
The Hollywood Reporter confirmed six months ago that Village Roadshow Entertainment had been seeking $400 million in new financing in order to increase the output of Village Roadshow Pictures to as many as a dozen films a year, up from seven last year.
The $325 million in new capital comes from a consortium of worldwide investors that includes Vine Alternative Investments, Falcon Investment Advisors and Village Roadshow Limited.
Village Roadshow Pictures was founded nearly two decades ago and in that time has produced and released 85 films under partnerships with Warner Bros. and Sony. It last raised money — $275 million — in 2012 with Trinity Opportunities Limited.
The company also said Monday it launched a renewal of its $750 million film-production facility with its joint syndication agents, Rabobank International and J.P. Morgan Securities.
Upcoming this year from Village Roadshow is Goosebumps with Jack Black, Concussion with Will Smith and In the Heart of the Sea starring Chris Hemsworth and directed by Ron Howard.
In 2016 and 2017, some titles include Tarzan, Ghostbusters, King Arthur, The Magnificent Seven and Steven Spielberg's Ready Player One.