Thomson Geer has advised Village Roadshow Limited’s (VRL) film distribution division, Roadshow Films, on its acquisition of a one-third interest in FilmNation Entertainment, a US-based international film sales and distribution company.
The transaction involves a wholly owned US subsidiary of VRL subscribing US$18 Million to equate into FilmNation in tranches during 2015. The bulk of that investment, together with FilmNation’s existing credit facilities, will be used to expand FilmNation’s development slate, with the money going into content creation and/or acquisition to build its core business.
Roadshow Films will continue as distributor of FilmNation films in Australia and New Zealand.
This acquisition consolidates another supply channel for Roadshow and will help solidify Roadshow Films as Australia’s leading independent film distributor.