Victoria's cinemas have been open for barely a week since March,and while the rest of the state got some much-needed relief on Monday they are still waiting.
Roadshow has been the home of Warner Bros movies in Australia for 50 years,but no more. The company says it makes no difference - can that be true?
A US-based investor will appeal to the corporate regulator in an attempt to stall a takeover attempt on cinema and theme park operator Village Roadshow.
The theme park and cinema operator has picked up new funding from its banks and the Queensland government as talks with BGH Capital about a takeover roll on.
Village Roadshow shares spiked 20 per cent after it agreed to exclusive negotiations with private equity firm BGH after a caveat-heavy offer of up to $468.5 million.
Nine Entertainment Co has dismissed speculation it is interested in buying all or part of Village Roadshow.
The local bourse dived to its lowest level since late 2012 on Monday,as banks endured another battering and more companies yanked full-year guidance.
Village Roadshow has suspended its interim dividend and warned it's expecting a $3 million earnings hit from the"difficult trading conditions"in the second half.
Village Roadshow has received a $770 million takeover offer from private equity group BGH Capital,sparking a potential bidding war for the beleaguered cinema and theme park operator.
The wealthy Kirby family and outgoing Village Roadshow CEO Graham Burke fielded an offer from BGH Capital before agreeing to sell their stake in the company to PEP.
Private equity firm Pacific Equity Partners'$1b takeover bid for Village Roadshow has landed just weeks ahead of the exit of its longstanding CEO Graham Burke.