You will be redirected back to your article in seconds

Lear’s Crescent rounds out

Company's in fertile Village

Crescent Entertainment’s $115 million investment in Village Roadshow Pictures has been completed, three months after it was announced (Daily Variety, July 28).

Through the deal, Crescent, a consortium formed by sitcom guru Norman Lear and his longtime business ally Hal Gaba and Michael Lambert, will acquire 50% of the main film and distribution companies that make up Village Roadshow, which has a long-term co-financing deal with Warner Bros.

Along with plans to increase the number of films Village Roadshow produces and finances, Crescent and Village Roadshow will work together to pursue acquisition opportunities in film and other media.

Crescent is a venture of Lear’s ACT III Entertainment and Lambert Entertainment, billing itself as an investment and management company focused on film, TV and other media assets.

Crescent partners Gaba and Lambert will share the office of chairman of the Village Roadshow Pictures Group, along with Village Roadshow Ltd.’s Graham Burke.

Village Roadshow Ltd., the parent company of Village Roadshow Pictures, is headquartered in Melbourne.

Former Warner production prexy Bruce Berman, who has headed Los Angeles-based Village Roadshow Pictures Entertainment since 1998, will continue as chairman-CEO of that company.

Village Roadshow’s production and distribution partnership with Warner has turned out a number of high-profile, profitable pics, including “Charlie and the Chocolate Factory” and the “Matrix” trilogy.

Village Roadshow Pictures will use the $115 million to repay an intercompany loan of $100 million owed its parent company and to pay a $15 million dividend.

More Film

  • Oscar-Nominated Film Editor Edward Abroms Dies

    Oscar-Nominated Film Editor Edward Abroms Dies at 82

    Crescent Entertainment’s $115 million investment in Village Roadshow Pictures has been completed, three months after it was announced (Daily Variety, July 28). Through the deal, Crescent, a consortium formed by sitcom guru Norman Lear and his longtime business ally Hal Gaba and Michael Lambert, will acquire 50% of the main film and distribution companies that […]

  • Sam Rockwell

    Film News Roundup: Sam Rockwell to Voice Gorilla in Angelina Jolie's 'One and Only Ivan'

    Crescent Entertainment’s $115 million investment in Village Roadshow Pictures has been completed, three months after it was announced (Daily Variety, July 28). Through the deal, Crescent, a consortium formed by sitcom guru Norman Lear and his longtime business ally Hal Gaba and Michael Lambert, will acquire 50% of the main film and distribution companies that […]

  • Meryl Streep Harvey Weinstein Jennifer Lawrence

    Harvey Weinstein Apologizes for Citing Meryl Streep, Jennifer Lawrence in Legal Defense

    Crescent Entertainment’s $115 million investment in Village Roadshow Pictures has been completed, three months after it was announced (Daily Variety, July 28). Through the deal, Crescent, a consortium formed by sitcom guru Norman Lear and his longtime business ally Hal Gaba and Michael Lambert, will acquire 50% of the main film and distribution companies that […]

  • Berlin 2018 Review: Sunday's Illness

    Berlin Film Review: 'Sunday's Illness'

    Crescent Entertainment’s $115 million investment in Village Roadshow Pictures has been completed, three months after it was announced (Daily Variety, July 28). Through the deal, Crescent, a consortium formed by sitcom guru Norman Lear and his longtime business ally Hal Gaba and Michael Lambert, will acquire 50% of the main film and distribution companies that […]

  • Goosebumps Sequel Cast

    'Goosebumps' Sequel Sets Ensemble Cast

    Crescent Entertainment’s $115 million investment in Village Roadshow Pictures has been completed, three months after it was announced (Daily Variety, July 28). Through the deal, Crescent, a consortium formed by sitcom guru Norman Lear and his longtime business ally Hal Gaba and Michael Lambert, will acquire 50% of the main film and distribution companies that […]

  • Jodie Foster Sterling K Brown

    Jodie Foster-Sterling K. Brown's 'Hotel Artemis' Gets Distribution

    Crescent Entertainment’s $115 million investment in Village Roadshow Pictures has been completed, three months after it was announced (Daily Variety, July 28). Through the deal, Crescent, a consortium formed by sitcom guru Norman Lear and his longtime business ally Hal Gaba and Michael Lambert, will acquire 50% of the main film and distribution companies that […]

  • Alexandre Desplat

    Will Alexandre Desplat Take Home Another Oscar? A History of Score Wins

    Crescent Entertainment’s $115 million investment in Village Roadshow Pictures has been completed, three months after it was announced (Daily Variety, July 28). Through the deal, Crescent, a consortium formed by sitcom guru Norman Lear and his longtime business ally Hal Gaba and Michael Lambert, will acquire 50% of the main film and distribution companies that […]

More From Our Brands

Access exclusive content