"The Matrix" Co-producer Village Roadshow Considering Strategic Options

Village Roadshow Entertainment Group, which has co-produced ‘Joker’ and ‘The Matrix’, is contemplating taking up an investor or promoting itself, the Wall Street Journal reported on Friday, citing sources aware of the matter.

Village Roadshow’s controlling shareholder, Vine Alternative Investments, has tapped PJT Partners Inc and held talks with potential patrons, the report mentioned, including that the method could not end in a deal.

The firm, which has reportedly been making unique content material as streaming platforms start to take centerstage, has been underneath strain with Netflix Inc, Walt Disney Co’s Disney+ and AT&T Inc’s HBO Max spending billions of {dollars} on content material.

Village Roadshow has previously collaborated with Disney and AT&T’s Warner Bros and lately was behind the Metaverse-themed film ‘Ready Player One’ and Morgan Freeman-starrer ‘Going In Style’

The firm is amongst many manufacturing homes to contemplate strategic choices as valuation of their content material has been rising. The publication earlier reported that Ron Howard and Brian Grazer-founded firm Imagine Entertainment is in talks to promote a majority stake to Centricus, an funding agency.