“The Matrix Resurrections” co-producer Village Roadshow Entertainment Group is taking Warner Bros. to court after the movie earned just $10.7 million at the box office during opening we…
Meanwhile, films chosen to move forward with an exclusive theatrical release in 2021 fared well despite the wait for streaming audiences. “Spider-Man: No Way Home,”In a statement for WSJ, a spokesperson for Warner Bros. has said that the production company has overstepped their contract’s arbitration clause with the suit: “This is a frivolous attempt by Village Roadshow to avoid their contractual commitment to participate in the arbitration that we commenced against them last week.
Warner was previously in hot water over its decision to release its 2021 lineup for streaming, and was forced to renegotiate contracts with much of its talent as a result, costing the studio more than $200 million, according to WSJ. However, “The Matrix Resurrections” was apparently excluded from those talks.Village Roadshow has also alleged that Warner Bros. means to cut them out of their future endeavors involving shared interests, for which they’ve already invested $4.5 billion.
“WB has also been devising various schemes to deprive Village Roadshow of its continuing rights to co-own and co-invest in the derivative works from the films it co-owns,” they wrote. When Village Roadshow recently refused to give up the rights to a TV series based on the Tom Cruise-Emily Blunt sci-fi flick “Edge of Tomorrow,” Warner Bros., according to the suit, “said the quiet part out loud: It will not allow Village Roadshow to benefit from any of its Derivative Rights going forward, despite the over $4.5 billion it has paid WB to make and distribute 91 films.”
“In other words, if Village Roadshow won’t give up its rights,” they added, “WB will make sure they are worth nothing.”
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Warner Bros. Reportedly Sued Over ‘The Matrix Resurrections’ Release On HBO MaxI'm a breaking news reporter focusing on arts and entertainment. I previously worked as a features reporter at the New York Post, where I covered pop culture, and at the Boston Globe and Boston.com I graduated from Emerson College in 2017 with a degree in journalism. Follow me on Twitter MarisaDellatto or reach out at mdellattoforbes.com.
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Village Roadshow Sues Warner Bros. Over ‘Matrix Resurrections’ Release on HBO MaxVillage Roadshow sued Warner Bros. on Monday, alleging that the studio sabotaged the theatrical release of “The Matrix Resurrections” in order to drive subscribers to HBO Max. The suit …
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Warner Bros. Reportedly Sued Over ‘The Matrix Resurrections’ Release On HBO MaxI'm a breaking news reporter focusing on arts and entertainment. I previously worked as a features reporter at the New York Post, where I covered pop culture, and at the Boston Globe and Boston.com I graduated from Emerson College in 2017 with a degree in journalism. Follow me on Twitter MarisaDellatto or reach out at mdellattoforbes.com.
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Warner Bros. Sued Over ‘Matrix Resurrections’ Day-and-Date HBO Max ReleaseThe lawsuit from Village Roadshow Entertainment Group alleges its contract was broken when Warner Bros. released 'Matrix Resurrections' simultaneously on HBO Max and in theaters, causing the movie to underwhelm at the box office.
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Warner Bros. Sued Over The Matrix Resurrections Streaming ReleaseVillage Roadshow has filed a lawsuit against Warner Bros. over The Matrix Resurrections' streaming [...]
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Warner Bros. Is Being Sued Over the Release of The Matrix ResurrectionsVillage Roadshow is suing the studio over Matrix, Wonka, Edge of Tomorrow, and others.
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