Film producer and financier Village Roadshow Entertainment Group filed for bankruptcy in a tribunal in Delaware, according to a Bloomberg report.
The company based in the United States and Australia has supported more than 100 films since its launch in 1997, in particular Joker, Sully, Mad Max: Fury Road, THE Sherlock Holmes franchise, Happy feet and the Matrix trilogy.
The company, which is based in the United States and Australia, had struggled to bounce back from the pandemic crisis, which struck receipts at the box office, and the strike of Hollywood 2023 writers, which delayed cinematographic productions.
More recently, its financial problems largely arise from an in progress dispute with the longtime partner Warner Bros. Discovery.
Village Roadshow Entertainment Group is the Roadshow Village Portfolio Company Pictures and Village Roadshow Television. It is the majority of the majority to the vine alternative investments vine alternative company.
The Australian exhibitor, the studio and the distributor Village Roadshow have a minority participation.
In December, the Writers Guild of America published a cessation order at the village road in the middle of late payments to writers.
In January, Steve Mosko, CEO of Village Roadshow Entertainment Group, left the company.