Warner Bros. won a significant victory Friday in its legal battle with its longtime financing partner, Village Roadshow, as a judge agreed to send the dispute to arbitration. Village Roadshow has t…
Village Roadshow has teamed with the studio on numerous blockbusters over the last 25 years, including “Joker,” the “Ocean’s” series, and “American Sniper.” But the relationship foundered when Warner Bros. opted to release “The Matrix: Resurrections” simultaneously in theaters and on HBO Max, along with the rest of its 2021 slate., alleging that Warner Bros. had sabotaged the film’s box office revenue in order to boost the streaming service. Village Roadshow has also alleged that Warner Bros.
“This is a case important not only to Village Roadshow, but to all content owners abused by studios’ self dealing practices,” the company said. “The company will prove that it is entitled to all of its requested remedies, including significant damages, for WB’s willful and continuing breaches of the parties’ agreements.”
Warner Bros. has denied that it has violated the agreements. In arguing that an injunction was not needed, the studio maintained that Village Roadshow faces no imminent threat of harm.
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