Warner Bros. Entertainment and Village Roadshow Pictures Extend Partnership
Village Roadshow Pictures Secures $1.125 Billion Film Production Facility and
Celebrates 15-Year Anniversary
LOS ANGELES -- November 27, 2012
Warner Bros. Entertainment and Village Roadshow Pictures Group (VRPG) have
extended their long-standing partnership and will continue to co-produce and
co-finance films through the end of 2017. In concert with the Warner Bros.
deal, VRPG also renewed and upsized its now 15-year film production facility
to $1.125 billion through the end of 2017 to finance its future slate of
motion pictures. JPMorgan Chase and Rabobank continue as joint syndication
“We now have the firepower of the financing locked away, the best management
in the business and the renewal of our long-term relationship with Warner
Bros. which puts us in fantastic shape. Warner Bros. continues to be the
industry leader in production, distribution and marketing,” said Graham Burke,
Chairman of Village Roadshow Entertainment Group (VREG).
“We have had a long, successful relationship with Village Roadshow, and we are
pleased they will continue to be our partner in making great movies,” said
Barry Meyer, Chairman and CEO, Warner Bros.
“We are pleased to have accomplished our strategic goal of closing the
financing hand in hand with the extension of our Warner Bros. deal.We are
fortunate to continue our partnership with a great studio and grateful to have
a diverse group of investors on board,” said Greg Basser, CEO of VREG.
Celebrating its 15th anniversary, VRPG is one of the industry’s leading
producers and financiers of studio released motion pictures, amassing a
library of 72 films, 68 of which were released in partnership with Warner
Bros. – representing the studio’s longest continuous relationship with an
independent film financing and production company.
“Working together, our companies have produced and released many popular and
successful films, and we expect that to continue into the future with this
agreement,” said Jeff Robinov, President, Warner Bros. Pictures Group.
“We look forward to expanding upon the solid 15-year foundation and continuing
to grow our slate of tent pole and star-driven films under the Warner banner,”
said Bruce Berman, Chairman and CEO of Village Roadshow Pictures. “We’re
excited to start the New Year with action-packed 'Gangster Squad' releasing in
January followed by the highly anticipated summer event film 'The Great
Gatsby' in May.”
Warner Bros. and VRPG will continue to collaborate on high caliber,
star-driven films, which have resulted in blockbuster hits including the
“Sherlock Holmes,” “Ocean’s” and “Matrix” franchises and Academy Award
animated picture winner “Happy Feet.”
Upcoming releases include “Gangster Squad” under the direction of Ruben
Fleischer, starring Ryan Gosling, Josh Brolin, Emma Stone and Sean Penn (U.S.
release on January 11, 2013), and “The Great Gatsby” under the direction of
Baz Luhrmann, starring Leonardo DiCaprio, Carey Mulligan and Tobey Maguire
(U.S. release on May 10, 2013).
Films currently in production include “LEGO: The Movie,” an animated feature
film adventure starring Will Arnett, Will Ferrell and Morgan Freeman directed
by Phil Lord and Christopher Miller; “All You Need is Kill,” an epic sci-fi
thriller starring Tom Cruise and Emily Blunt directed by Doug Liman; and “Mad
Max: Fury Road,” an action adventure starring Charlize Theron and Tom Hardy
directed by George Miller.
About Village Roadshow Pictures Group
Village Roadshow Pictures Group is a leading independent co-producer and
co-financier of major Hollywood motion pictures, having produced 72 films
since its establishment in 1997 including, as co-productions with Warner
Bros., “The Matrix” Trilogy, The “Sherlock Holmes” franchise, “I am Legend,”
the “Ocean’s” series, “Happy Feet,” “Mystic River,” “Charlie and the
Chocolate Factory,” “Get Smart,” “Sex and the City 2” and “Gran Torino.”
VRPG self-distributes its filmed entertainment through affiliates in several
territories around the world, including Australia, New Zealand and Singapore.
About Village Roadshow Entertainment Group
Village Roadshow Entertainment Group is a leading independent global
entertainment company in the business of building leading, content-rich
companies within the entertainment industry. It employs innovative strategies
to develop, acquire and deliver intellectual property rights with timeless
appeal, while taking advantage of group-wide strategic and operational
efficiencies. VREG is the holding company of Village Roadshow Pictures,
Village Roadshow Entertainment Group Asia and Concord Music Group.
Village Roadshow Limited, a 47.6% shareholder in VREG, is a leading
international publicly listed entertainment and media company based out of
Melbourne, Australia. VRL has been the exclusive theatrical distributor for
Warner Bros. in Australia for over 41 years.
Florence Grace, 310-553-4477
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