Warner bros movie world usa2/29/2024 ![]() ![]() The lack of shareholder scrutiny on the other hand saw Village squander untold millions chasing dreams of being heavyweight in Hollywood production despite middling success, while also fighting a very public battle against piracy instead of innovating and preemptively changing their distribution model in a content streaming world. and it soon became their most profitable division. Even in their worst years – the aftermath of Dreamworld's Thunder River Rapids accident was described by then-CEO Graham Burke as annus horribilis – their Gold Coast theme parks continued to deliver respectable profits. Movie World and Wet'n'Wild, having bought out past partners Sea World Property Trust and Warner Bros. By 2006 Village Roadshow wholly owned Sea World, Warner Bros. ![]() ![]() On one hand the reduced pressure from shareholders to perform year-in-year out meant that Village was uniquely poised to succeed in theme parks where a long-term, capital intensive approach needs to be taken. The unique arrangement gave them board control and shielding them from much shareholder scrutiny. Tightly controlled by the Kirby and Graham families through the privately owned Village Roadshow Corporation which held 40 per cent of the publicly listed Village Roadshow Limited. ![]() Village Roadshow's move to go private and simplifyįor three decades Village Roadshow has been a hybrid beast. Movie World, Sea World, Wet'n'Wild Gold Coast and Paradise Country – both separately announced financing that gives each operator a degree of security in the face of a global pandemic.įor very different reasons both companies face unprecedented struggle to get through the most uncertain period in 40-plus years of Gold Coast theme parks. Ardent Leisure – operators of Dreamworld and WhiteWater World – and Village Roadshow – operators of Warner Bros. ![]()
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