
Production Company Behind Joker & The Matrix Goes Bankrupt After 3-Year Legal Battle With WB Cost It Millions
Village Roadshow has officially filed for bankruptcy. Village Roadshow Entertainment Group is a production company whose film division, Village Roadshow Pictures, was founded in 1989. The Australian media company Village Roadshow also holds a 3% stake in the company. The American producer’s first ever film was The Delinquents, a 1989 release that was distributed by Warner Bros. Since then, the company has gone on to produce major films including The Matrix, Miss Congeniality, Zoolander, Ocean’s Eleven, Happy Feet, Joker, and more recently, Wonka.
Per Variety, Village Roadshow has now filed for bankruptcy. The company officially filed for Company 11 in Delaware on Monday, March 17. Court documents cite $223.8 million in asset-backed secured notes and $163.1 million in senior secured debt. The filing followed a legal battle with Warner Bros., which was talked about in the court documents, an excerpt from which can be read below: