Spencer encouraged Australasian to enter feature production with the 1914 silent film The Shepherd of the Southern Cross but the film was not a success at the box office and Spencer was forced out of the company. Thereafter Australasian only produced movies sporadically until the mid-1920s when the company came under the stewardship of Stuart F. Doyle. In 1925 they purchased the Centennial Roller Skating Rink site at 65 Ebley St, Bondi Junction and converted it into a £60,000 film studio. They used it as a skating rink during the night and a studio during the day.
Starting with Painted Daughters in 1925, Australasian produced a number of features, including works from director Raymond Longford. They made five in 12 months, none of which made much impact internationally, so they decided to embark on two major productions, For the Term of His Natural Life (1927) and The Adorable Outcast (1928), both of which featured American stars and director, Norman Dawn Together these movies lost an estimated £30,000. The company soon withdrew from production but in June 1932 it re-emerged as Cinesound Productions.
In 1928, Greater Union is selling off certain assets of Australasian Films to a First National Pictures executive John C. Jones, who formed the new company to Greater Australasian Films. The company entered a contract with major American firm Columbia Pictures later on, and absorbed British Dominions Films.
In 1935, Greater Australasian Films was sold off to Columbia Pictures, effectively folding the company.
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F. Stuart Doyle applied many lessons learned from Australasian Films when he established Cinesound Productions.
