Roadshow Films has confirmed it's buying a one-third stake in US-based producer/international sales agent FilmNation Entertainment for $US18 million.
Roadshow Films will release nearly every major film before, simultaneously or close to the US.
Roadshow Films has entrenched its position as Australia’s leading theatrical distributor as its market share in the year to June 30 hit 28.4%, up 2.9% on the prior year.
The awkward foursome of Jay, Neil, Simon and Will from successful UK comedy series, The Inbetweeners, are being reunited in the follow-up to 2011's The Inbetweeners Movie, this time taking their ill-fated escapades to the Land Down Under.
In another sign of the pressures on distributors’ margins, Roadshow Films last week closed its theatrical office in New Zealand.