26 November 2012 8:24 PM, PST | IF.com.au | See recent IF.com.au news »

Village Roadshow Pictures (Vrp) and Warner Bros. Entertainment have extended their longstanding film production partnership until the end of 2017.

Village Roadshow has also announced a new funding deal which will boost Vrp's film production finance to $US1.125 billion through to 2017 to finance its future slate of films. The company had previously said it plans to increase the number of films it produces each year from 3-4 to 6-8, including more Australian films.

Warner Bros. and Vrp have previously collaborated on films such as the Sherlock Holmes, Ocean.s and Matrix franchises. Village Roadshow chief executive Graham Burke said Warner Bros. continues to be the industry leader in film production, distribution and marketing.

.Vrp now has the firepower of the financing locked away, the best management in the business and the renewal of its long-term relationship with Warner Bros. which puts it in fantastic shape..

It ends a challenging period for »

- Brendan Swift

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