When it filed for bankruptcy earlier this year, the Country Roadshow pointed to the possibility of a long-term partnership with Warner Bros. The core of the fall that has been in the production process for many years: a legal battle about the studio's decision to release Matrix resurrection At the same time, eat at the box office return contest at HBO Max and the theater.
The lawsuit was dark shortly after the lawsuit was filed, and the judge moved it to arbitration.
A year later, an arbitrator found it favorable to WBD and awarded the studio about $125 million, Hollywood Reporter The previously unreported numbers have been learned. In 2023, rural roadshow violated a series of transactions involved matrix According to a person familiar with the matter, the film failed to pay the $107 million share of its joint venture arrangement because the matter was confidential, according to a person familiar with the matter. The debt remains unpaid.
In March, a rural roadshow filed for bankruptcy protection. Transfer from the company - Once one of Hollywood's most prolific behind-the-scenes financiers this matrix and ocean Franchise - an expensive effort to create content internally and in 2022 lawsuits, "an irreparable working relationship with WBD." Matrix resurrection Not the only film controversial in this legal battle. Country Roadshow claims it is closed in the auxiliary sequel and shares rights with WBD under the film, including Wonka,,,,, clown and I'm a legend.
One earlier than matrix Hate: Country Roadshow Want to Participate in a TV Series Under Development The edge of tomorrow But according to court documents, it was told that the project would not go forward if it did not waive its rights. WBD eventually gave up on the show.
Respond to a claim Matrix resurrectionWBD maintained in public statements and court documents, which provided the country roadshow with the opportunity to merge the film, which was accepted. The financier later refused to pay for the film's share, which cost about $200 million to make, spending $100 million on the market, according to a court filing. Those familiar with the arbitration say that WBD occupies unfair competition in village roadshows, breach of contract and breach of implicit covenant covering malicious transactions.
The person added that an arbitrator, together with WBD, violated the joint ownership and distribution agreement and confirmed that the studio received more than $107 million in damages and received $17 million in interest.
The ruling has been confirmed by appeal, although damages will be recalculated to account for the date and date license of the film and other distribution revenues that the WBD has received and must be paid. Sources said the studio will have confidence in the award. Interest on outstanding obligations has surged to nearly $32 million.
Rural roadshow charges more than $18 million in legal fees during the litigation matrix Sequels and Wonkawhich involves allegations that the studio refuses to recognize the rights of financiers as partners in the film, claiming that this is not a prequel Charlie and the Chocolate Factory - According to court documents, a movie jointly owned by both parties.
As Country Road Show hopes to sell most of its assets, the studio wants to collect debts. Last month, the court approved a $417.5 million proposal Blade Runner 2049 Alcon Media Group, producer of Country Roadshow Movie Library, including bets matrix and ocean Franchise. Will be tested at auction, and the bid for the stalking horse will price the assets. Competitor offers, including Warner Bros. Discovery and Investment Company content partners, may still surface before the May 16 deadline.
Also for sale: Derivative rights to proven tents and studio businesses that allow for other film and country roadshows. Since 2018, the company has 99 feature films and 233 TV series, although only six movies and seven TV shows have been put into production for $47.5 million. None of them has the ability to make money, which shows the sustainability of efforts to create internal content.
WBD declined to comment on the story.