It’s business as usual for Australia’s Village Roadshow Group, following the announcement overnight that the US-based Village Roadshow Entertainment Group has filed for bankruptcy protection.
As previously reported, Village Roadshow Entertainment Group (VREG) has filed for Chapter 11 in Delaware, with US$223.8 million in asset-backed secured notes and US$163.1 million of senior secured debt, court documents show.
VREG is separate from the Australian operation, which was formed in 1954 and includes Village Roadshow Theme Parks, Roadshow Distributors, Roadshow Productions, Village Roadshow Studios and Village Cinemas, asserts a statement from the company, seen by Variety AU/NZ.
“Village Roadshow Group is not impacted by VREG’s…
