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Village Roadshow Entertainment Group's Film Library Acquired By Alcon For $417M+

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Alcon Media Group LLC has won its $417.5 million bid to acquire Village Roadshow Entertainment Group's library of 108 feature film titles. The deal includes Village Roadshow's entire library of intellectual properties, distribution rights and cash flows. Village Roadshow's library includes rights and royalties to the motion pictures that the company co-produced and co-financed in association
Village Roadshow Entertainment Group has announced a new film and television fund worth $500 million, aimed at financing a diverse slate of projects including films, television series, and documentaries. The fund, which is a collaboration between Village Roadshow and several other investors, will focus on supporting both established and emerging filmmakers and will prioritize projects that have strong commercial potential. The initiative is part of Village Roadshow's broader strategy to expand its presence in the global entertainment market and to foster creative talent across various genres.

Read the Full Deadline Article at:
[ https://www.yahoo.com/entertainment/articles/village-roadshow-entertainment-group-film-174558896.html ]