Village Roadshow Entertainment Group, which has co-produced ‘Joker’ and ‘The Matrix’, is considering taking on an investor or selling itself, the Wall Street Journal reported https://nam02.safelinks.protection.outlook.com/?url=https%3A%2F%2Fwww.wsj.com%2Farticles%2Fvillage-roadshow-producer-on-movies-including-joker-and-the-matrix-explores-strategic-options-11642182117%3Fmod%3Dlatest_headlines&data=04%7C01%7CAkash.Sriram%40thomsonreuters.com%7C5e96e49d62264e0f8b6808d9d78694f6%7C62ccb8646a1a4b5d8e1c397dec1a8258%7C0%7C0%7C637777795384412428%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000&sdata=PSBcoukgoqc6X1GealMX6iRIpnnDBHK%2BG3TJwO1Kk64%3D&reserved=0 on Friday, citing sources familiar with the matter. Try refreshing your browser, or 'The Matrix' co-producer Village Roadshow considering strategic options - WSJ Back to videoThe company, which has reportedly been making original content as streaming platforms begin to take centerstage, has been under pressure with Netflix Inc, Walt Disney Co’s Disney+ and AT&T Inc’s HBO Max spending billions of dollars on content. Village Roadshow has in the past collaborated with Disney and AT&T’s Warner Bros and recently was behind the Metaverse-themed movie ‘Ready Player One’ and Morgan Freeman-starrer ‘Going In Style’The company is among many production houses to consider strategic options as valuation of their content has been rising. The publication earlier reported https://nam02.safelinks.protection.outlook.com/?url=https%3A%2F%2Fwww.wsj.com%2Farticles%2Fron-howard-and-brian-grazers-imagine-entertainment-in-talks-to-sell-majority-stake-to-investment-firm-centricus-11642175909%3Fmod%3Dlatest_headlines&data=04%7C01%7CNivedita.Balu%40thomsonreuters.com%7Cc6a4354e2b9a48d4b82708d9d777bf61%7C62ccb8646a1a4b5d8e1c397dec1a8258%7C0%7C0%7C637777731780992191%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000&sdata=x%2BesiP6n3SA39%2BP5dtkK8ig2jn3SJER%2FbcBDFp5DksU%3D&reserved=0 that Ron Howard and Brian Grazer-founded company Imagine Entertainment 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.

Source: Wall Street Journal January 14, 2022 19:04 UTC