Entertainment

Village Roadshow, co-producer of “The Matrix” with strategic options in mind

The Village Roadshow Entertainment Group, which co-produced “Joker” and “The Matrix,” is considering taking over investors or selling themselves, the Wall Street Journal reported Friday.

Vine Alternative Investments, the controlling shareholder of Village Roadshow, used PJT Partners Inc to negotiate with potential buyers, the report said, adding that this process may not lead to transactions. rice field.

The company, which is reportedly creating original content as streaming platforms have begun to take the lead, is under pressure from Netflix Inc, Walt DisneyCo’s Disney +, and AT & TInc’s HBO Max to spend billions of dollars on content. Being exposed to.

Village Roadshow has collaborated with Disney and AT & T’s Warner Bros. in the past, recently behind the Metaverse-themed movie Ready Player One and Morgan Freeman’s Going in Style.

The company is one of many production companies looking at strategic options due to the growing reputation of content. The publication previously reported that Imagine Entertainment, a company founded by Ron Howard and Brian Grazer, is in talks to sell a majority stake to investment firm Centricus.

Village Roadshow, Imagine Entertainment and Centricus did not immediately respond to Reuters’ request for comment.

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Village Roadshow, co-producer of “The Matrix” with strategic options in mind

Source link Village Roadshow, co-producer of “The Matrix” with strategic options in mind

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