Village Roadshow Entertainment Group (VREG) has filed for Chapter 11 bankruptcy protection in the US, citing an ongoing legal dispute with Warner Bros. and expenses related to creating independent content as major contributors to its financial decline.
The company, known for producing The Matrix trilogy and Joker, has approximately US$223.8 million in asset-backed secured loans and US$163.1 million of senior secured debt, according to documents filed in the US state of Delaware on Monday US time.
VREG is separate from the Australian-based Village Roadshow Group which was formed in 1954 and includes Village Roadshow Theme Parks, Roadshow Distributors, Roadshow Productions, Village Roadshow…
