Village Roadshow Entertainment, known for backing hit franchises like “Joker” and “The Matrix,” filed for bankruptcy after a legal battle with Warner Bros. over the studio’s shift to streaming. The company failed in its ambitious push into producing indie films and TV shows. Keith Maib, a restructuring officer, cited economic factors, the pandemic, and industry changes as causes. The company owes millions to creditors like Kirkland & Ellis and Bryan Cranston’s Moonshot Entertainment Inc. Despite co-producing successful films, the company’s transformation into a full-service studio under former CEO Steve Mosko proved costly. Village Roadshow’s valuable assets were tied to Warner Bros, but legal disputes hindered asset sales.
https://www.latimes.com/entertainment-arts/business/story/2025-03-17/joker-matrix-studio-village-roadshow-files-for-chapter-11-bankruptcy