VILLAGE Roadshow Entertainment Group, which co-produced Joker and The matrixis considering taking an investor or selling itself, the the wall street journal reported Friday, citing sources familiar with the matter.
Village Roadshow’s majority shareholder, Vine Alternative Investments, has tapped PJT Partners, Inc. and held talks with potential buyers, the report said, adding that the process may not result in a deal.
The company, which has reportedly created original content as streaming platforms begin to take center stage, has been under pressure with Netflix, Inc., Walt Disney Co.’s Disney+ and AT&T, Inc.’s HBO Max. spending billions of dollars on content.
Village Roadshow has previously collaborated with Disney and Warner Bros. from AT&T and was recently behind the Metaverse-themed movie Loan player one and Morgan Freeman-starring Go in style.
The company is among many production houses considering strategic options as the valuation of their content has increased. The publication previously reported that the company founded by Ron Howard and Brian Grazer, Imagine Entertainment, was in talks to sell a majority stake to Centricus, an investment company.
Village Roadshow, Imagine Entertainment and Centricus did not immediately respond to Reuters requests for comment. — Reuters