Time Warner sells theme parks... again
Published: May 29, 2006 at 9:10 PM
Well, at least it did. Now comes word from Australia that the company has sold its share in Queensland's Warner Bros Movie World and Sea World Gold Coast to partner Village Roadshow, also a movie company.
Village Roadshow bought out Time Warner for $254 million (about $193 million US). As part of the deal, Village gets a long-term licensing deal with Time Warner allowing it to develop Warner Bros theme parks in Asia.