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Village Roadshow's $417.5 Million Stalking Horse Deal Approved

Village Roadshow's $417.5 Million Stalking Horse Deal Approved

Bloomberg22-04-2025
Village Roadshow Entertainment Group, the bankrupt production house behind The Matrix trilogy, won court approval to sell the rights to its film library to Alcon Media Group for $417.5 million, a deal that's still subject to better offers at a potential auction next month.
Judge Thomas M. Horan approved the bankrupt company's stalking horse deal with Alcon, which will set a price for Village Roadshow's film library, according to a filing Tuesday. Alcon bested an earlier offer from Los Angeles-based investment firm Content Partners, though Content could still bid on the film library.
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