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As WGA Looks to Sanction Late-Paying Village Roadshow, Questions Emerge About Studio’s Survival
Village Roadshow Entertainment Group is facing an imminent stop-work order from the WGA, as cash problems loom.
The longstanding content co-financier and co-producer is suffering cash flow issues, multiple sources told Variety, forcing the shop into bad standing with the Writer’s Guild of America and inspiring whispers about its viability in show business. Rebranded as Village Roadshow Entertainment Group, Vine’s cash kicked off a renewed sense of purpose internally – and ginned up its relationship with Warner Bros. Pictures. In July, Vine completed a massive sale of some of its legacy entertainment assets — a parcel that includes the song catalogue of hitmaker Calvin Harris — to Shamrock Capital in deal worth a reported $2.4 billion.
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