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HomeEntertainment"The Matrix" Co-producer Village Roadshow Contemplating Strategic Choices - WSJ

“The Matrix” Co-producer Village Roadshow Contemplating Strategic Choices – WSJ

Village Roadshow Leisure Group, which has co-produced ‘Joker’ and ‘The Matrix’, is contemplating taking over an investor or promoting itself, the Wall Avenue Journal reported on Friday, citing sources aware of the matter.

Village Roadshow’s controlling shareholder, Vine Different Investments, has tapped PJT Companions Inc and held talks with potential patrons, the report stated, including that the method might not lead to a deal.

The corporate, which has reportedly been making unique content material as streaming platforms start to take centerstage, has been beneath stress with Netflix Inc, Walt Disney Co’s Disney+ and AT&T Inc’s HBO Max spending billions of {dollars} on content material.

Village Roadshow has previously collaborated with Disney and AT&T’s Warner Bros and not too long ago was behind the Metaverse-themed film ‘Ready Player One’ and Morgan Freeman-starrer ‘Going In Style’

The corporate is amongst many manufacturing homes to think about strategic choices as valuation of their content material has been rising. The publication earlier reported that Ron Howard and Brian Grazer-founded firm Think about Leisure is in talks to promote a majority stake to Centricus, an funding agency.

Village Roadshow, Think about Leisure and Centricus didn’t instantly reply to Reuters requests for remark.

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