Steve Mosko Steps Down as Village Roadshow CEO After Financial Turmoil
The departure follows missed payments to writers, WGA sanctions, and cost-cutting measures at the company owned by Vine Alternative Investments.
- Steve Mosko, who joined Village Roadshow Entertainment Group as CEO in 2018 after a 24-year tenure at Sony Pictures Television, has stepped down from his role.
- The company has faced significant financial challenges, including missed payments to writers, prompting sanctions from the Writers Guild of America (WGA).
- Village Roadshow has conducted layoffs across multiple departments and has been cutting costs to address its cash flow issues.
- The production company, known for films like 'Joker' and 'Mad Max: Fury Road,' has been seeking new majority stakeholders while navigating ongoing disputes with Warner Bros.
- Vine Alternative Investments, the majority owner of Village Roadshow, has previously sold major entertainment assets but continues to face liquidity concerns.