As WGA Looks to Sanction Late-Paying Village Roadshow, Questions Emerge About Studio’s Survival
Is Village Roadshow about to take a major detour?
The longstanding content co-financier and co-producer is suffering cash flow issues, multiple sources told Variety, forcing the shop into bad standing with the Writers Guild of America and inspiring whispers about its viability in show business.
Majority owned by Vine Alternative Investments, the company behind valuable library titles like “Joker”.
“The Matrix” and Steven Soderbergh’s “Ocean’s” franchise got a shot in the arm in 2018 when well-liked industry vet Steve Mosko took over operations. Rebranded as Village Roadshow Entertainment Group, Vine’s cash kicked off a renewed sense of purpose internally – and ginned up its relationship with Warner Bros. Pictures.
But after major market contractions due to the 2023 Hollywood labor strikes, the struggle seems to be real for Vreg. The firm has outstanding payments owed to union writers on its projects, and “a stop work order is imminent if they...
The longstanding content co-financier and co-producer is suffering cash flow issues, multiple sources told Variety, forcing the shop into bad standing with the Writers Guild of America and inspiring whispers about its viability in show business.
Majority owned by Vine Alternative Investments, the company behind valuable library titles like “Joker”.
“The Matrix” and Steven Soderbergh’s “Ocean’s” franchise got a shot in the arm in 2018 when well-liked industry vet Steve Mosko took over operations. Rebranded as Village Roadshow Entertainment Group, Vine’s cash kicked off a renewed sense of purpose internally – and ginned up its relationship with Warner Bros. Pictures.
But after major market contractions due to the 2023 Hollywood labor strikes, the struggle seems to be real for Vreg. The firm has outstanding payments owed to union writers on its projects, and “a stop work order is imminent if they...
- 12.12.2024
- von Matt Donnelly
- Variety Film + TV
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