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Big Law

Village Roadshow Sues Warner Bros. Over Its Same-Day HBO Max Release of ‘The Matrix Resurrections’

Village Roadshow Entertainment, a co-producer of “The Matrix Resurrections,” has filed a lawsuit against Warner Bros., alleging the studio parent’s decision to release the sequel on HBO Max and in theaters at the same time was a breach of contract, according to a report from The Wall Street Journal.

The suit, which was filed Monday in Los Angeles Superior Court, alleges that WarnerMedia, a unit of AT&T, pushed up the film’s release date to 2021 from 2022 in order to bolster its subscriber base on HBO Max.

“WB’s sole purpose in moving the release date of ‘The Matrix Resurrections’ forward was to create a desperately needed wave of year-end HBO Max premium subscriptions from what it knew would be a blockbuster film, despite knowing full well that it would decimate the film’s box office revenue and deprive Village Roadshow of any economic upside that WB and its affiliates would enjoy,” the suit said, according to WSJ.

Read the source article at cnbc.com

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