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A boardroom meeting with several professionals sitting around a conference table in an office overlooking a city skyline.

Village Roadshow’s financial strain (estimated at $223.8 million in asset-backed secured notes and $163.1 million of senior secured debt according to court documents) have been an open secret in Hollywood: they even made it onto the Writers Guild of America’s “strike list” after allegedly failing to pay its writers on several projects. The company also lost its well-respected CEO, Steve Mosko, back in January. Yet, the news of the bankruptcy filing has been met with skepticism within the industry. Village Roadshow is believed to be in the last stretch of its lengthy legal battle with Warner Bros. over the day-and-date release of “The Matrix Resurrections” in 2021 and could potentially lose the arbitration. Moore, however, says “the arbitration process will continue to an organic end” regardless of the Chapter 11 process. The latter, he says, should be “accelerating the resolution so that we could move on.” “If we owe Warner Brothers money, they’re likely to get all their money. We don’t escape anything in bankruptcy,” he said. Moore acknowledged that Village Roadshow’s problems also stemmed from a blown-up development slate and massive ambitions that got hit with structural changes in the business prompted by the pandemic and intensified by the SAG-AFTRA and WGA strikes. The banner has now paused all development at this time, Moore said while pointing out to recent projects connected to “Myst” and “Underworld” which were in the pipeline. The executive, who previously spent Ver mais

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