Village Roadshow Entertainment Opens Bidding for Coveted Film Library Featuring ‘The Matrix’ and ‘Joker’ Amid Bankruptcy Proceedings
Los Angeles — Village Roadshow Entertainment Group (VREG), a prominent figure in film production, has recently declared its intentions to explore sale offers for its extensive film library, renowned for iconic films including the “Matrix” series and “Joker.” The announcement came just a day after the company applied for voluntary redundancy amid ongoing financial challenges. VREG is currently preparing for a potential auction in May following its Chapter 11 bankruptcy filing. The initial filing includes a provisional agreement to sell its library to the investment group Content Partners for $365 million, though it leaves room … Read more