“The Matrix” co-creators Village Roadshow with Strategic Choices in Mind – WSJ

The Wall Street Journal reported Friday, citing sources familiar with the matter, that Village Roadshow Entertainment Group, which co-produced “Joker” and “The Matrix,” is considering acquiring an investor or selling itself. Is.

Village Roadshow’s controlling shareholder, Vine Alternative Investments, has tapped PJT Partners Inc and held talks with potential buyers, the report said, adding that the process may not result in a deal.

The company, which is reportedly creating original content as a streaming platform, is under pressure from Netflix Inc., The Walt Disney Co.’s Disney+ and AT&T Inc.’s HBO Max to spend billions of dollars on content.

Village Roadshow has collaborated with Disney and AT&T’s Warner Bros in the past and was most recently behind the Metaverse-themed film “Ready Player One” and the Morgan Freeman-starrer “Going in Style.”

The company is one of several production houses to consider strategic options as valuations of their materials increase. The publication previously reported that Imagine Entertainment, the company founded by Ron Howard and Brian Grazer, is in talks to sell a majority stake to Centricus, an investment firm.

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

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