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News: VRL Village Roadshow Says Warner Bros Theatrical Distribution Not To Be Renewed

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    21/09/20
    11:00
    Post #: 47497424

    Sept 21 (Reuters) - Village Roadshow Ltd (VRL) :

    • WARNER BROS. THEATRICAL DISTRIBUTION NOT TO BE RENEWED
    • AFTER OVERHEADS EBITDA CONTRIBUTION FROM WARNER BROS. THEATRICAL DISTRIBUTION ARRANGEMENTS WAS NOT MATERIAL TO VRL IN FY20
    • ROADSHOW INFORMED BY WARNER BROS. THAT NO DECISION MADE AT THIS STAGE ON POTENTIAL EXPIRY OR EXTENSION OF CONTRACT
    • VRL ANTICIPATES THAT MAJORITY OF ITS BUSINESSES WILL QUALIFY FOR JOBKEEPER 2.0 UNTIL AT LEAST 31 DECEMBER 2020
    • DOES NOT ANTICIPATE THAT ANY MATERIAL IMPAIRMENT OR WRITE DOWN OF ASSETS WILL ARISE AS A RESULT OF EXPIRY OF CONTRACT
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