Village Roadshow Entertainment Group USA Inc. is an independent film producer and financier, a subsidiary of Australian parent Village Roadshow Limited, owning interest in a library of 108 feature films that generated approximately $50 million in annual revenue and amassed $19 billion in cumulative box office and 19 Academy Awards. The Burbank-based company employed approximately 45 people at filing. Village Roadshow filed for Chapter 11 protection on March 17, 2025 in Delaware (Case No. 25-10475) before Judge Thomas M. Horan following a protracted legal dispute with Warner Bros. over the simultaneous HBO Max release of The Matrix Resurrections and derivative rights that generated over $18 million in prepetition legal fees, compounded by a failed Studio Business venture ($47.5 million invested 2018-2020), COVID-19 disruptions, and the 2023 writers' and actors' strikes. At filing, the company carried approximately $387 million in funded debt, including $224 million in ABS notes secured by the film library and $157 million in senior secured notes. The Debtors obtained a $12.8 million DIP facility from certain Prepetition Senior Secured Noteholders. The company completed 363 sales of substantially all assets to Alcon Media Group for approximately $440 million total: Library Assets for $417.5 million, Studio Business for $4 million, and Derivative Rights for $18.5 million (after a contested 10-round auction). A Joint Plan of Liquidation was filed January 29, 2026 with confirmation hearing scheduled for April 7, 2026.
