Ronin Ankles Sydney Arthouse Exhibition

The thriving arthouse cinema business in Sydney has been shaken by the withdrawal of longtime exhib Ronin Films.

Ronin agreed Jan. 1 to sell its two Sydney theaters, the Academy twin and the Walker cinema, to Palace Entertainment and Village Roadshow. Palace’s managing director Tony Zeccola said he’d made offers to Ronin’s Andrew Pike long before his recent co-venture with the big Village chain. What swung the deal was Zeccola and Village securing a brand new fourplex named Verona (due to open in May) across the road from the Academy. That, plus a “very attractive offer,” affirmed Pike.

Zeccola will now be able to program the Academy and Verona theaters (his first in Sydney) effectively as one situation. He says he’ll spend close to $A1 million ($770,000) rejuvenating the Academy with new seats and carpets.

In the 50-50 co-venture with Village, Palace operates the cinemas and handles the programming, while Village negotiates booking terms. He says Village has the option of investing in any cinema he builds or acquires. The latest acquisitions will bring the total number of screens under his umbrella to 28.

Ronin still operates a cinema in Canberra and it continues as an arthouse distrib.

More Film

  • Sundance: Lionsgate Nabs U.K. Rights for

    Sundance: Lionsgate Nabs U.K. Rights for 'Colette' (EXCLUSIVE)

    The thriving arthouse cinema business in Sydney has been shaken by the withdrawal of longtime exhib Ronin Films. Ronin agreed Jan. 1 to sell its two Sydney theaters, the Academy twin and the Walker cinema, to Palace Entertainment and Village Roadshow. Palace’s managing director Tony Zeccola said he’d made offers to Ronin’s Andrew Pike long […]

  • 'Hangover' Producer Scott Budnick Forms Good

    'Hangover' Producer Scott Budnick Forms Good Films, Endeavor is Lead Investor (EXCLUSIVE)

    The thriving arthouse cinema business in Sydney has been shaken by the withdrawal of longtime exhib Ronin Films. Ronin agreed Jan. 1 to sell its two Sydney theaters, the Academy twin and the Walker cinema, to Palace Entertainment and Village Roadshow. Palace’s managing director Tony Zeccola said he’d made offers to Ronin’s Andrew Pike long […]

  • Ruth Bader Ginsburg Talks Supreme Court

    Ruth Bader Ginsburg on #MeToo Movement, Her SNL Parody, and Supreme Court Retirement

    The thriving arthouse cinema business in Sydney has been shaken by the withdrawal of longtime exhib Ronin Films. Ronin agreed Jan. 1 to sell its two Sydney theaters, the Academy twin and the Walker cinema, to Palace Entertainment and Village Roadshow. Palace’s managing director Tony Zeccola said he’d made offers to Ronin’s Andrew Pike long […]

  • Jumanji: Welcome to the Jungle

    'Jumanji' Leads International Box Office, Hits $768 Million Worldwide

    The thriving arthouse cinema business in Sydney has been shaken by the withdrawal of longtime exhib Ronin Films. Ronin agreed Jan. 1 to sell its two Sydney theaters, the Academy twin and the Walker cinema, to Palace Entertainment and Village Roadshow. Palace’s managing director Tony Zeccola said he’d made offers to Ronin’s Andrew Pike long […]

  • 'Phantom Thread,' 'Darkest Hour' Shine as

    'Phantom Thread,' 'Darkest Hour' Shine as Oscar Nominations Loom

    The thriving arthouse cinema business in Sydney has been shaken by the withdrawal of longtime exhib Ronin Films. Ronin agreed Jan. 1 to sell its two Sydney theaters, the Academy twin and the Walker cinema, to Palace Entertainment and Village Roadshow. Palace’s managing director Tony Zeccola said he’d made offers to Ronin’s Andrew Pike long […]

  • 'Jumanji' Stays Strong, Topping '12 Strong,'

    'Jumanji' Stays Strong, Topping '12 Strong,' 'Den of Thieves' With $20 Million

    The thriving arthouse cinema business in Sydney has been shaken by the withdrawal of longtime exhib Ronin Films. Ronin agreed Jan. 1 to sell its two Sydney theaters, the Academy twin and the Walker cinema, to Palace Entertainment and Village Roadshow. Palace’s managing director Tony Zeccola said he’d made offers to Ronin’s Andrew Pike long […]

  • Colette

    Sundance: 'Colette' Sells to 30West, Bleecker Street

    The thriving arthouse cinema business in Sydney has been shaken by the withdrawal of longtime exhib Ronin Films. Ronin agreed Jan. 1 to sell its two Sydney theaters, the Academy twin and the Walker cinema, to Palace Entertainment and Village Roadshow. Palace’s managing director Tony Zeccola said he’d made offers to Ronin’s Andrew Pike long […]

More From Our Brands

Access exclusive content