An infographic corporate timeline detailing the Village Roadshow Entertainment Group bankruptcy and asset sale from 2017 to 2025.

In March 2025, the Village Roadshow Entertainment Group filed for Chapter 11 bankruptcy, citing an overly ambitious studio expansion, staff layoffs, and an ongoing arbitration dispute with Warner Bros. for breach of contract over the simultaneous release of The Matrix Resurrections.[42][43] The former Australian parent company had to issue press statements stating it has had no control over the company since 2017, and has since commenced action to revoke VREG of the right to use the company's name and logo.[44] Around the time bankruptcy was filed, Content Partners had reportedly placed a stalking horse offer of $353–365 million for the assets of VREG. However, in April 2025, Alcon Entertainment outbid Content Partners with a higher offer of $416.5 million, with the company being approved as the new stalking horse bid by Delaware bankruptcy judge Thomas Horan, who also set a deadline of 16 May for other interested bidders, if any, and a 20 May auction date if more than one party showed up. VREG was to file notice within a day of the bidding deadline whether it would prefer holding an auction for its assets or sell them directly to Alcon, with Horan scheduling the hearing date for the transaction's approval for 11 June.[45] On 18 June 2025, it was announced that Alcon's stalking horse bid worth $417.5 million had succeeded, giving it rights to VREG's library of 108 films, including intellectual properties, distribution rights, cash flows, overall rights and royalties, as well See more