Theme parks and cinemas operator Village Roadshow had previously agreed to sell its stake to Singapore-based company MM2 Entertainment in July. However, the deal reportedly fell through because OSGH blocked the move in August. In a filing to the Australian Stock Exchange, Variety quoted Village Roadshow as saying that it would sell the stake for US$129 million (S$175 million).
Movie theatre operator Golden Village runs 11 multiplexes housing 92 screens in Singapore. Established over two decades ago, it is a joint venture between Village Roadshow and Golden Harvest, OSGH's predecessor.