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“The Matrix” co-producer Village Roadshow considering strategic options – WSJ

Jan 14 (Reuters) – Village Roadshow Entertainment Group, which has co-produced ‘Joker’ and ‘The Matrix’, is considering taking up an investor or promoting itself, the Wall Street Journal reported on Friday, citing sources accustomed to the matter.

Village Roadshow’s controlling shareholder, Vine Alternative Investments, has tapped PJT Partners Inc (PJT.N) and held talks with potential consumers, the report mentioned, including that the method might not lead to a deal.

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

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Village Roadshow has prior to now collaborated with Disney and AT&T’s Warner Bros and just lately was behind the Metaverse-themed film ‘Ready Player One’ and Morgan Freeman-starrer ‘Going In Style’

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

Village Roadshow, Imagine Entertainment and Centricus didn’t instantly reply to Reuters requests for remark.

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Reporting by Akash Sriram in Bengaluru; Editing by Shailesh Kuber

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