Village Roadshow Entertainment Group
(ASX:VRL) has completed new corporate debt facilities totalling US$325 million.
The Village Roadshow pictures division has also launched a renewal of its $US750 million film production facility, which finances titles co-produced by Warner Brothers, Sony and other major distributors.
The company co-financed and produced seven films in the last two years, including “Mad Max Fury Road” and “American Sniper.”
CEO of Village Roadshow Greg Basser says the capital will strengthen the company’s financial resources and its capacity to make more films.
Village Roadshow made a profit of $40.23 million in the half year to June 30.
