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BUSINESS
May 29, 2006 | From Bloomberg News
Village Roadshow Ltd., Australia's biggest cinema chain, agreed to pay $192 million for Time Warner Inc.'s stake in their theme park joint venture in Queensland state. The agreement gives Village full ownership of theme parks including Warner Bros. Movie World, Sea World and Wet 'n' Wild Water World, the Melbourne, Australia-based company said. Village will also assume Time Warner's share of the venture's debt.
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BUSINESS
May 29, 2006 | From Bloomberg News
Village Roadshow Ltd., Australia's biggest cinema chain, agreed to pay $192 million for Time Warner Inc.'s stake in their theme park joint venture in Queensland state. The agreement gives Village full ownership of theme parks including Warner Bros. Movie World, Sea World and Wet 'n' Wild Water World, the Melbourne, Australia-based company said. Village will also assume Time Warner's share of the venture's debt.
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BUSINESS
February 29, 1996
Warner, Australia Firms Team in Cinema Expansion: The joint venture includes plans to develop 18 new multiplex cinemas, with 20 to 25 screens each, in Australia at a cost of $266 million. The expansion plan will add 70,000 seats and more than double the number of screens operated by the venture to 525. The joint venture is equally owned by Warner Bros., Village Roadshow Ltd. and Amalgamated Holdings Ltd., a subsidiary of Greater Union.
BUSINESS
February 29, 1996
Warner, Australia Firms Team in Cinema Expansion: The joint venture includes plans to develop 18 new multiplex cinemas, with 20 to 25 screens each, in Australia at a cost of $266 million. The expansion plan will add 70,000 seats and more than double the number of screens operated by the venture to 525. The joint venture is equally owned by Warner Bros., Village Roadshow Ltd. and Amalgamated Holdings Ltd., a subsidiary of Greater Union.
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