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Village Roadshow Moves Forward With Bankruptcy “Open To All Bids”
Village Roadshow hit Delaware court after filing for Chapter 11 amid red ink that had been ratcheting up financial pressure on the indie producer and financier.
Attorney Justin Bernbrock said in court that his client’s longtime partner-turned-adversary Warner Bros. could also bid for film rights, as per Reuters. The two have been in costly mediation since 2022 when Village Roadshow filed a claim against Warner over its day-and-day streaming release of The Matrix Resurrections and its right to co-finance derivative works based on film library assets co-owned with WB. It Chapter 11 filing noted “significant liability has attached due to unpaid contracts” including with writers and consultants.
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