{"id":475630,"date":"2026-05-09T01:24:15","date_gmt":"2026-05-09T01:24:15","guid":{"rendered":"https:\/\/www.europesays.com\/ie\/475630\/"},"modified":"2026-05-09T01:24:15","modified_gmt":"2026-05-09T01:24:15","slug":"warner-bros-wins-57m-village-roadshow-settlement-in-for-matrix-resurrections","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ie\/475630\/","title":{"rendered":"Warner Bros. Wins $57M Village Roadshow Settlement in for ‘Matrix Resurrections’"},"content":{"rendered":"

Village Roadshow has reached a settlement with Warner Bros. to pay $57 million to the studio after an arbitrator ruled against them in a dispute over the financing and distribution agreement of the 2021 film \u201cThe Matrix Resurrections.\u201d <\/p>\n

In 2022, Warner Bros. filed arbitration demands to Village Roadshow over \u201cMatrix Resurrections\u201d and other IP the studio shared the rights to with Warner Bros.<\/p>\n

Roadshow, which was struggling financially in the aftermath of the COVID pandemic and with the failing launch of its new television production division and the poor box office of \u201cMatrix Resurrections,\u201d filed a lawsuit against Warner, accusing the studio of breach of contract over its decision to release \u201cResurrections\u201d day-and-date in theaters and on HBO Max. <\/p>\n

Village Roadshow also alleged that it was shut out of co-financing sequels and remakes to key franchises it shared the rights to, including the Timoth\u00e9e Chalamet musical \u201cWonka.\u201d<\/p>\n

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But when the lawsuit was moved to arbitration, a ruling came down in favor of Warner Bros., as the arbiter found that Roadshow had breached the film\u2019s co-ownership and distribution agreements. Village Roadshow was ordered to pay Warner $125 million in exchange for a 50% share of profits from \u201cMatrix Resurrections\u201d after Warner recouped its marketing and distribution costs. That ruling played a factor in Village Roadshow\u2019s bankruptcy last year<\/a>.<\/p>\n

In the wake of that bankruptcy, Warner filed a claim for the $125 million payment. The $57 million paid by Village Roadshow in the settlement is what remains of the $125 million payment minus what Roadshow would have received through the 50% profit share, which it no longer can acquire. <\/p>\n

As for Village Roadshow\u2019s catalog, Warner attempted to buy the derivative rights in bankruptcy court, but lost out to an $18.5 million offer from Alcon<\/a>, which had previously purchased Roadshow\u2019s catalog for $417.5 million<\/a>. The derivative rights grant Alcon the right to produce sequels based on Roadshow\u2019s catalog, including the 1998 fantasy film \u201cPractical Magic,\u201d which starred Nicole Kidman and Sandra Bullock and which is getting a sequel distributed by Warner this September. <\/p>\n

UPDATE: 4 PM PT \u2014 The story has been updated with further clarification on the terms of the settlement. <\/p>\n

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\n\t\t\t\t\t\t\t\"David\t\t\t\t\t<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Village Roadshow has reached a settlement with Warner Bros. to pay $57 million to the studio after an…\n","protected":false},"author":2,"featured_media":475631,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[263],"tags":[18,117,19,17,208381,327,208382,25131],"class_list":{"0":"post-475630","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-movies","8":"tag-eire","9":"tag-entertainment","10":"tag-ie","11":"tag-ireland","12":"tag-matrix-resurrections","13":"tag-movies","14":"tag-village-roadshow","15":"tag-warner-bros"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@ie\/116542011234155739","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/475630","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/comments?post=475630"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/475630\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media\/475631"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media?parent=475630"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/categories?post=475630"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/tags?post=475630"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}