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last mo.

Village Roadshow Files for Chapter 11 Bankruptcy, Citing $1 Billion in Liabilities

The entertainment company blames an unresolved Warner Bros. arbitration, failed independent ventures, and industry shifts for its financial collapse.

The Matrix was one of the biggest hits from Village Roadshow Pictures.

Overview

  • Village Roadshow Entertainment Group filed for Chapter 11 bankruptcy in Delaware, listing liabilities between $500 million and $1 billion and assets valued between $100 million and $500 million.
  • A stalking horse bid of $365 million has been made for Village Roadshow's library assets, which generate approximately $50 million in annual revenue.
  • The company's financial troubles were exacerbated by $18 million in legal fees from an ongoing arbitration dispute with Warner Bros. over 'The Matrix Resurrections
  • Village Roadshow's failed $47.5 million investment in independent film and television projects further contributed to its financial decline.
  • The once-lucrative partnership with Warner Bros., responsible for 89 co-produced titles, has been irreparably damaged, cutting off a key income stream for the company.