Gallaher exits Roadshow exhib arm

Exec returning to manufacturing industry

SYDNEY — Chris Gallaher is ankling as chief exec of Village Roadshow’s exhibition arm, which operates 1,077 screens in 10 countries.

Replacing him is Kirk Senior, who has been upped from chief financial officer.

Gallaher is returning to the manufacturing industry.

Village has shrunk its exhib empire in the past five years, pulling out of France, Thailand, India and its jointly owned sites in the U.K., as it focuses on co-producing Hollywood movies with Warner Bros.

In the six months to Dec. 31, the company reported a 4% drop in admissions to 32.7 million at its cinemas, with strong contributions from Italy and Singapore and weaker results in Greece and New Zealand. The exhib unit’s pre-tax profits fell by 18% to A$11.1 million ($8.8 million) on revenues of $188 million as a $2 million gain from the sale of its Taiwan circuit was all but wiped out by losses in Germany and Austria.

Village’s film production division rang up a net profit of $3.5 million on revenues of $159 million, sharply down from the corresponding period a year ago, when there were more releases.

Want to read more articles like this one? SUBSCRIBE TO VARIETY TODAY.
Post A Comment 0

Leave a Reply

No Comments

Comments are moderated. They may be edited for clarity and reprinting in whole or in part in Variety publications.

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More Scene News from Variety

Loading