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Village Roadshow Entertainment Group announced today that several of its entities ("Village Roadshow") have filed suit against long-time partner Warner Bros. Entertainment and related entities ("WB") in Los Angeles Superior Court. The complaint filed this morning alleges "deliberate and consistent coordinated efforts" by WB "to eviscerate the significant value of Village Roadshow's intellectual property in order to prop up the new HBO Max streaming service owned by WarnerMedia, the ultimate parent of WB, without providing any accounting, and shut Village Roadshow out of its legal and contractual rights to co-own and co-finance the sequels, prequels, spinoffs, and other derivative works of the nearly 100 films that Village Roadshow funded and co-owns" with WB. Over the past 25 years, Village Roadshow has paid WB over $4.5 billion to produce and distribute 91 films, for which Village Roadshow co-owns all intellectual property rights, including a share of the films' global copyrights, according to the complaint. Those films include blockbuster hits such as The Matrix trilogy, Joker, the Ocean's series, Charlie and the Chocolate Factory, and Edge of Tomorrow. The complaint also notes that "That depth and length of [the parties'] relationship—with not a single litigation between them (until now)—was unique in the entertainment industry." "As detailed in the complaint, Village Roadshow's copyright ownership gave it the most sought-after rights in Hollywood: the perpetual right to See more

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