January 14 () – Village Roadshow Entertainment Group, which co-produced the Joker and The Matrix, is considering buying an investor or selling itself, the Wall Street Journal reported here on Friday, citing sources familiar with the matter.
Village Roadshow’s controlling shareholder, Vine Alternative Investments, has approached PJT Partners Inc. and is in talks with potential buyers, the report said, adding that the process may not lead to a deal.
With streaming platforms taking center stage, the company, which produces original content, has come under pressure from Netflix Inc., Walt Disney Co’s Disney + and AT&T Inc.’s HBO Max, spending billions of dollars on content.
Village Roadshow has collaborated with Disney and AT&T’s Warner Bros. in the past, and most recently starred in the Metaverse-themed Ready Player One and Morgan Freeman’s Going In Style.
The company is among the many manufacturing houses to consider strategic options as their content evaluation is increasing. The publication had previously reported that Imagine Entertainment, founded here by Ron Howard and Brian Grazer, was in talks to sell a majority stake to investment firm Centricus.
Village Roadshow, Imagine Entertainment and Centricus did not immediately respond to comment requests. (Akash Sriram’s interview in Bangalore; edited by Shaylesh Kuber)