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"The Matrix" producer Village Roadshow files Chapter 11 bankruptcy protection


"The Matrix" producer files for bankruptcy protection amid Warner Bros legal battle
19 Mar - Entertainment company Village Roadshow Entertainment Group has recently filed for Chapter 11 bankruptcy protection in the US amid long-drawn legal battle with Warner Bros. Discovery.

The production house, known for movies like "The Matrix" and "Joker", has sought bankruptcy protection in Delaware on 17 March with USD 223.8 million in asset-backed secured notes and USD 163.1 million of senior secured debt, according to court documents.

It is noted that the company filed a legal complaint in 2022 against Warner Bros. over the release of "The Matrix Resurrections" on HBO Max streaming platforms, allegedly depriving the company of theatre revenues.
The filing came amid the legal battle with Warner Bros Discovery
The filing came amid the legal battle with Warner Bros Discovery
In addition, the company has been struggling to bounce back from the COVID-19 pandemic as well as the 2023 Hollywood writers' strike.

Village Roadshow Entertainment Group is the holding company of Village Roadshow Pictures and Village Roadshow Television. It is majority owned by private equity company Vine Alternative Investments.

Established in 1997, it has backed more than 100 films including "Sully", "Mad Max: Fury Road", "Happy Feet", the Sherlock Holmes franchise, and many more.
The company has produced many movies including
The company has produced many movies including "Joker"


Related Movies:
The Matrix Resurrections (22 Dec 2021)
Joker (03 Oct 2019)


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