Hollywood Giant Behind Matrix and Joker Files Bankruptcy After Warner Bros Feud
Village Roadshow Entertainment Group, the production company responsible for major franchises including The Matrix, Joker, and Ocean's, has filed for bankruptcy protection in a Delaware court. The company attributes its financial collapse to two primary factors: an ongoing legal dispute with former partner Warner Bros (WB) and unsuccessful investments in independent film and television production. As part of its restructuring strategy, Village Roadshow is proposing to sell its extensive film library for $365 million. Court documents reveal the company's debts range between $500 million and $1 billion. The relationship between Village Roadshow and Warner Bros deteriorated in early 2022 following the release of "The Matrix Resurrections" on HBO Max. Village Roadshow alleged that WB had excluded it from rights to sequels and prequels of their jointly produced films. Chief Restructuring Officer Keith Maib stated in court filings that "the WB […]