On October 8, 2020, Village Roadshow Ltd announced that its board is holding the line against dissident shareholder Mittleman Investment Management, which is trying to scuttle a scheme of arrangement proposed by private equity firm BGH Capital. Village Roadshow stated that it told the ASX it had received a letter from Mittleman saying it intended to vote its shares against both of the schemes of arrangement between the Company and BGH Capital. The Company stated that it was engaging with Mittleman in relation to its correspondence but insisted it intended to proceed with both schemes, which have the recommendation of the Company's independent board committee, led by former media executive Peter Tonagh. In addition, the Company stated that the board is set to release an independent expert's report, with suggestions the document by Grant Samuel would have a favorable recommendation on the proposed deal.