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'Matrix' co-producer Village Roadshow 'open to all bids' after bankruptcy

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U.S. film producer Village Roadshow Entertainment Group is "open to all bids" for a film library that includes rights to well-known movies like The Matrix, Ocean's Eleven, and The Joker, a company attorney said on Tuesday at a court hearing a day after filing for bankruptcy.
Village Roadshow Entertainment Group, co-producer of the Matrix franchise, has filed for bankruptcy in the U.S. and is now open to all bids for its assets. The company, which has been struggling with financial difficulties, aims to restructure its debts through this Chapter 11 filing. This move comes after a challenging period marked by the global health crisis affecting cinema attendance and revenue. Village Roadshow, known for its involvement in major films like "Joker" and "Ocean's Eleven," is looking to reorganize and potentially emerge stronger by selling off parts of its business or finding new investment. The bankruptcy filing lists both assets and liabilities in the range of $100 million to $500 million, indicating significant financial strain but also substantial assets that could attract potential buyers or investors.

Read the Full Reuters Article at:
[ https://www.msn.com/en-us/money/companies/matrix-co-producer-village-roadshow-open-to-all-bids-after-bankruptcy/ar-AA1Bb20q ]