Film Company Behind The Matrix Files Bankruptcy Amid Warner Suit

The film production house behind The Matrix and Ocean’s sagas filed for bankruptcy in the US amid a long-drawn legal battle with Warner Bros Discovery Inc.

Village Roadshow Entertainment Group sought bankruptcy protection in Delaware on Monday with $223.8 million in asset-backed secured notes and $163.1 million of senior secured debt, according to court documents.

The company, based in both the US and Australia, had struggled to bounce back from the pandemic slump and the 2023 Hollywood writers’ strike, which delayed film productions. Its liquidity problems, however, stemmed largely from an ongoing arbitration with long-standing partner Warner.

In 2022, Village ...