Village Roadshow Theme Parks is a division of Village Roadshow Limited which operates theme parks and attractions in Australia and the United States of America. The Sydney Attractions Group Pty Ltd was formerly part of Village Roadshow Theme Parks; however, it was sold in 2011 to Merlin Entertainments. History In 1989, the publicly listed Sea World Property Trust who owned its namesake theme park coordinated a three-way venture to acquire Wet'n'Wild Water World from the Herringe Group of Companies and build the adjacent Warner Bros. Movie World theme park. The two other companies involved in the venture were American multinational media corporation Time Warner and fellow publicly listed Australian firm Village Roadshow Limited. The joint venture known as Warner Village Theme Parks was led by Chief Executive Officer John Menzies. Prior to the formation of the company, Menzies was Managing Director of Sea World. In 1992, Pivot Leisure sold its two-thirds stake of the Sea World Property Trust to AOL Time Warner and Village Roadshow Limited. In April 2001, AOL Time Warner and Village Roadshow Limited announced plans to acquire the remaining 31.6% of Sea World Property Trust that they did not already own. This would also mean the ownership of Warner Village Theme Parks would lie entirely with the two firms. However, the takeover bid failed as the two firms were only able to acquire 85.65% of the trust, just shy of the 90% required for compulsory acquisition. A second takeover bid of Sea World Property Trust was put forward in December 2001. This bid was ultimately successful, with compulsory acquisition beginning in February 2002, and the delisting of the Sea World Property Trust from the Australian Securities Exchange in April 2002. Warner Village Theme Parks remained a joint venture between Time Warner and Village Roadshow until Village took full ownership of the group in 2006. Time Warner (later WarnerMedia, now Warner Bros. Discovery) continues to provide a licence to the Warner Bros. brand. The group was renamed Village Roadshow Theme Parks. The group also owns the Sea World Resort, located next to the Sea World theme park. Previously known as Sea World Nara Resort (opened in 1988 as a joint venture between the then-owners of Sea World and the Japan-based Nara Group, Village also moved to take full ownership of the resort in 2006, resulting in the name change). Local expansion In April 2008, Village Roadshow Theme Parks