Australia’s Village Roadshow Limited has begun exclusive sale talks with BGH, one of two finance companies that at the beginning of the year made takeover approaches to the company. The company also said that keeping its cinemas, film studios and theme parks closed is costing it $6.45 million to $9.68 million (A$10-15 million) per month, even after government subsidies for staff salaries.
Village Roadshow Limited owns one of Australia’s largest cinema circuits, film distribution company Roadshow Pictures and the Village Roadshow Studios at Gold Coast in Queensland. It also owns 31% of New York-based sales and production company FilmNation, and 20% of Village Roadshow Entertainment Group (VREG), a U.S-based content development and production firm.
On Monday it revealed the complicated, exclusive, but non-binding terms of its next stage of negotiations with BGH. The finance company has agreed to offer up to A$2.40
By Steven Scheer
JERUSALEM (Reuters) – Israel Katz took over as Israel’s finance minister on Monday as part of a new government, saying he planned to work towards helping the economy recover from the effects of the coronavirus while also promoting competition.
Katz — who replaces Moshe Kahlon after a five-year stint — said he didn’t want to talk about specific economic policies, preferring to first meet the ministry’s experts.
“There will be a plan,” he told a ceremony to mark the changing of the guard. “It will be accompanied by reforms, … competition.”
He has 90 days to pass a 2020 state budget. Israel has been using a pro-rated version of the 2019 base budget.
The government has approved an emergency stimulus plan of some 100 billion shekels ($28 billion) to help businesses and the economy deal with the effects of the pandemic — pushing up the expected budget
Samantha Lee/Business Insider
Business Insider is taking you behind the scenes of our best stories with our new series “The Inside Story.”
This week, BI deputy executive editor Olivia Oran spoke to reporter Amanda Perelli, who covers what’s new in the business of YouTube, Instagram, and influencer culture at large.
Perelli shares how she keeps up with the super-fast changing industry, why average people should care about influencers, and her own social media habits (lots of TikTok!).
You can sign up for Amanda’s weekly newsletter “Influencer Dashboard” here.
Olivia Oran: Covering influencers is such a fascinating beat, particularly for someone just getting started in journalism. How’d you land such a cool area to cover?
Amanda Perelli: I applied for the YouTube
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