Writers Guild Threatens Stop-Work Order Against Village Roadshow Over Unpaid Writers
The WGA cites late payments to writers as Village Roadshow faces financial struggles tied to its majority stakeholder, Vine Alternative Investments.
- The Writers Guild of America (WGA) is preparing to issue a stop-work order against Village Roadshow due to delayed payments to writers on its projects.
- Village Roadshow's financial difficulties are reportedly linked to liquidity issues at its majority stakeholder, Vine Alternative Investments.
- The company has been exploring potential new investors and buyers for its stake, while maintaining operations on a slate of planned projects.
- Village Roadshow has also been involved in an ongoing arbitration dispute with Warner Bros. over the release strategy for 'The Matrix Resurrections' and financial participation in other co-productions.
- Recent cost-cutting measures, including staff layoffs and asset sales by Vine, have raised questions about the studio's long-term stability.