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Village Roadshow in positive mood

THEME park and cinema operator Village Roadshow says its cinema business is performing well, while kind weather is expected to drive an improvement in theme parks. The company operates cinemas in Australia, Singapore, the US and Britain, and theme parks on the Gold Coast, including Movie World and Sea World.
By · 18 Nov 2011
By ·
18 Nov 2011
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THEME park and cinema operator Village Roadshow says its cinema business is performing well, while kind weather is expected to drive an improvement in theme parks. The company operates cinemas in Australia, Singapore, the US and Britain, and theme parks on the Gold Coast, including Movie World and Sea World.

Chairman Robert Kirby told the company's annual meeting in Melbourne yesterday the Christmas line-up of films was strong and would continued into next year. "Business, in a word, is great," he said of the cinema trade.

Bad weather and floods affected theme parks in the past financial year, but business was strong this financial year to date, Mr Kirby said.

Village Roadshow was looking to increase the capital or equity base of Village Roadshow Entertainment Group, which is involved in film and music production.

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Frequently Asked Questions about this Article…

According to the company update, Village Roadshow’s cinema business is performing well, helped by a strong Christmas film line-up that the chairman said will carry into next year. Theme parks are expected to improve as weather conditions become kinder.

Village Roadshow operates cinemas across several countries, including Australia, Singapore, the United States and Britain, according to the company statement.

On the Gold Coast, Village Roadshow operates well-known parks such as Movie World and Sea World.

Chairman Robert Kirby told the annual meeting that the cinema trade is 'great' and highlighted a strong Christmas film line-up that he expected would continue into the following year. He also noted that theme parks should improve with better weather.

Bad weather and floods hurt theme park performance in the past financial year, the company said. However, business has been strong so far in the current financial year and kinder weather is expected to drive improvements.

Yes. The company said it was looking to increase the capital or equity base of Village Roadshow Entertainment Group, which is involved in film and music production.

A strong Christmas film line-up supports cinema attendance and box office revenue, which the company cited as a reason its cinema trade is performing well and likely to remain positive into the next year—information investors can use to assess short-term operational momentum.

The update highlights positive cinema performance and an expectation of theme-park recovery if weather improves, plus plans to bolster the capital base of the entertainment group. For investors, that signals operational resilience in cinemas, weather-related risk for parks, and potential corporate funding activity to watch in future announcements.