The bitter family feud could reshape the company, which owns a string of cinemas in Victoria, operates Warner Brothers Movie World, Sea World and Wet ‘n’ Wild Gold Coast, and runs a studio where Aquaman and Thor: Ragnarok were filmed, among other productions. Village Roadshow Theme Parks is a division of Village Roadshow Limited which operates theme parks and attractions in Australia and the United States of America. The Kirby brothers have been mainstays of Australian rich lists, with a fortune of more than $500 million tied closely to the value of their investment in Village Roadshow. working, jobs, Village Roashow, VRL, about, information. The company also stated that greater investment in areas such as TV production was essential, pointing to the recent, Logie award-winning Stan drama, Romper Stomper, which Roadshow had a hand in developing, as an example. Share your views in the comments section below. The company is listed on the Au… This raft on Dreamworld's Thunder River Rapids ride flipped over killing four passengers in 2016. Village Roadshow is now worth $553 million, while Event is valued at $2.1 billion. "We are on a very positive trajectory as demonstrated by the ticket sales of the most important category, which is the annual and multi-day passes," he said. Village Roadshow was forced last year to write down to zero its investment in Hollywood film production house Village Roadshow Pictures even though it has been responsible for blockbuster movies including Ocean’s 8, The Lego Movie, The Great Gatsby and Zoolander.
He said the company had endured two difficult years due to an "act of God" following the 2016 Thunder River Rapids tragedy at Dreamworld. Village Roadshow chief executive Graham Burke has led the company for three decades. Village Roadshow reported a net profit of $219,000 last year, and a loss of $67 million a year earlier. Greater investment in local content was a focal point of its distribution strategy, which is housed under the Roadshow Entertainment side of the business. In an investor presentation at the time, the company revealed further plans to increase profitability and boost its cash flow problems. Village Roadshow Theme Parks Announces Multi-Million Dollar Investment into Gold Coast Theme Parks . Forced cinema and theme park closures due to pandemic lockdown measures have inflicted a multi-million-dollar wound upon Village Roadshow with the … “At Village Roadshow Theme Parks, we are committed to providing world-class attractions and this is the first in a series of transformations for Sea World with the front façade of the park the next to undergo a facelift.