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An infographic timeline illustrating the destruction and acquisition of Village Roadshow from 2021 to 2026.

An infographic timeline illustrating the destruction and acquisition of Village Roadshow from 2021 to 2026.

On September 27, 2021, Berman stepped down as the CEO of the company. The company filed for Chapter 11 bankruptcy in March 2025, citing an overly ambitious studio expansion, staff layoffs, and ongoing arbitration disputes with Warner Bros. over the release of The Matrix Resurrections. As a result, Village Roadshow announced they would revoke VREG's rights to use their former parent's name and logo. On June 18, 2025, Alcon Entertainment won an auction bid to acquire VREG's film library, including its future development slate and intellectual properties. As of 2026, the company remains as an in-name only unit of Alcon Entertainment. Voir plus