Warner Bros. reaches $57 million settlement with Village Roadshow over The Matrix Resurrections

Village Roadshow has reached a settlement with Warner Bros. to pay $57 million to the studio after an arbitrator ruled against them in a dispute over the financing and distribution agreement of the 2021 film “The Matrix Resurrections.”

In 2022, Warner Bros. filed arbitration demands to Village Roadshow over “Matrix Resurrections” and other IP the studio shared the rights to with Warner Bros.

Roadshow, which was struggling financially in the aftermath of the COVID pandemic and with the failing launch of its new television production division and the poor box office of “Matrix Resurrections,” filed a lawsuit against Warner, accusing the studio of breach of contract over its decision to release “Resurrections” day-and-date in theaters and on HBO Max.

Village Roadshow also alleged that it was shut out of co-financing sequels and remakes to key franchises it shared the rights to, including the Timothée Chalamet musical “Wonka.”

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