Village Roadshow blames Warner Bros. The Resurrection of the Matrix I will shine.
The supervising judge on Thursday upheld the allegedly unannounced decision by Warner Bros. that the case should be referred to arbitration. After the order, Village Roadshow backtracked on its request to force Warner Bros. to include it in at least 15 projects, claiming it is closed. Warner Bros. protested the withdrawal.
“After reviewing the alleged court rulings, Village waives its right to hear on May 27, 2022, the World Bank arbitration motion and the World Bank strike motion, and issues the possible court rulings for coercive arbitration . and the strike. “Final,” Village Roadshow said in a statement. “The decision on the request for mandatory arbitration must consider the plaintiffs’ request in the preliminary decision.
Village Roadshow sued Warner Bros. in February because of the studio’s breach of contract, releasing a sequel to The Matrix simultaneously on HBO Max and in theaters. Following the lawsuit, the case expanded to include allegations that Village Roadshow barred its co-owner and financial partner from dozens of extensions and a major franchise remake based on the property to which it allegedly shares rights, including Sherlock Holmes, O ocean Series, Ready player first, I’m a legend where there are wild things s ‘brother’.
The case is one of the most high-profile legal duels in Hollywood, as it highlights growing animosity among talent seeking to maintain the status quo in which they earn large sums of money through major theatrical appearances, often negotiating illegal compensation and streaming services. among the big media companies. .
The dispute escalated when Village Roadshow took the case out of arbitration and made it public. Village Roadshow argued that he would have suffered irreparable damage had he not been allowed to go to court and cancel the trial.
“The WB has made it clear that it believes it can continue to do exactly what it is doing,” wrote Village Roadshow, represented by attorney Mark Holsher. “Indeed, given the WB’s current stance on releasing these films on HBO Max and the refusal to proceed with the projects, if Village Roadshow does not relinquish its rights, there is an imminent danger that Village Roadshow’s rights to all these projects are excluded. Or even significantly and irreparably damaged.”
Warner Bros., defending its day-and-date release strategy during the COVID-19 pandemic, countered that Village Roadshow “refused to fulfill its obligation, pay its share of production costs, and turned down the opportunity we offered.” your risk. . financial failure”.
The main studio emphasized: “Village wanted to be used publicly as a co-owner and producer, while maintaining a ‘free view’ of the final outcome of the film, without any financial investment. We don’t do business that way, of course, with unreliable partners. ”
The lawsuit described in detail the breakup of the duo’s 25-year partnership.
During the discussion, which is based on the Edge of Tomorrow-based television series, Warner Bros. reportedly “said that going forward, it will not allow Village Roadshow to co-sponsor or co-own any of the 91 films”. – Wait, even though Village Roadshow paid WB over $4.5 billion to film and distribute these 91 movies.
Warner Bros. and Village Roadshow did not immediately respond to a request for comment.
Source: Hollywood Reporter
Camila Luna is a writer at Gossipify, where she covers the latest movies and television series. With a passion for all things entertainment, Camila brings her unique perspective to her writing and offers readers an inside look at the industry. Camila is a graduate from the University of California, Los Angeles (UCLA) with a degree in English and is also a avid movie watcher.
