Lend Lease takes hit on Fox Studios investment
Lend Lease Corporation, which half-owns Sydney's Fox Studios Australia, has made a provision of $47m (A$80m) after tax to cover its losses from the failure of the 19-month-old Backlot, one of three distinct parts of the studio and entertainment development. It will also make an appropriate write-down of the value of the investment.
Continue reading – simply subscribe below
It takes just two minutes and you’ll immediately gain full access to ScreenDaily.com, PLUS Screen International monthly magazine delivered to your door.
Screen International Subscribers:
If you are a Screen International subscriber please sign in with your email address and click submit:
Not a Screen International subscriber?
Sign up today for immediate and complete access to screendaily.com and the monthly Screen International magazine for as little as £19 a month!
Find out more about all the benefits of a subscription to Screen International.