The Australian B.O. rebounded in August and September after a disastrous July but the line-up for the rest of the year appears weaker than the first half of 2014.
In the last half of 2013 the Australian box-office fell by 5% on the prior year but Village Cinemas defied the trend, posting a slight increase in revenues and an 11% boost in profit margins.
Australian box office receipts in the past few months were 9% below the same period last year- and at least one broker isn't optimistic about the release schedule through the end of 2013.
Village Roadshow Entertainment Group (VREG) has sold Concord Music Group and will use the proceeds to reduce debt and free up cash flow to focus on film production.
Village Roadshow Corporation and key executive directors Robert Kirby and Graham Burke plan to sell 11 million shares in Village Roadshow
Village Roadshow Pictures and Warner Bros. Entertainment have extended their longstanding film production partnership until the end of 2017
Aussie actress Bella Heathcote stars in the latest Tim Burton/Johnny Depp collaboration
Village Roadshow has posted a 4.4 per cent decline in annual underlying earnings