Overview

• On June 18 the US Bankruptcy Court for the District of Delaware approved Alcon’s winning $417.5 million stalking-horse bid that surpassed a $365 million offer from Content Partners.
• The 108-film library encompasses co-production and financing rights for The Matrix trilogy, Ocean’s Eleven series, Mad Max: Fury Road and Joker among other high-profile titles.
• Court filings estimate the acquired intellectual property and distribution rights generate about $50 million in annual revenue.
• Village Roadshow entered Chapter 11 bankruptcy in March after costly legal disputes with Warner Bros and unprofitable in-house content ventures.
• The transaction includes a development slate of unproduced films and scripted and unscripted television projects, positioning Alcon for future content growth.