Warner Bros. has extended its relationship with Village Roadshow Pictures Group through 2017 and has secured $1.125 billion in debt equity to fund multiple projects, the partners said Monday.
“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.,” said Graham Burke, chairman of VRPG.
Warner’s has been releasing Village Roadshow films for 15 years, including hits like Sherlock Holmes, Happy Feet, Ocean’s 11 and its sequel and The Matrix movies. Films in production include Mad Max: Fury Road with Charlize Theron, All You Need is Kill with Tom Cruise and the animated LEGO: The Movie starring Will Arnett, Will Ferrell and Morgan Freeman.
Warners' previous deal with Village Roadshow was for $1 billion.
More to come...