Village Roadshow, a renowned production company responsible for blockbuster films like The Matrix and Ocean's 11, has filed for bankruptcy following years of dwindling box office success. Founded in 1954 in Australia, it flourished through a lucrative partnership with Warner Bros that yielded multiple hit films. However, the COVID-19 pandemic severely impacted the film industry, leading to a shift in viewing habits and ultimately contributing to the company's financial struggles and its Chapter 11 bankruptcy filing.
"Village Roadshow Pictures became a notable force in Hollywood after a successful partnership with Warner Bros, delivering blockbuster hits while facing ongoing industry challenges."
"The company’s decline can largely be traced back to the impacts of the COVID-19 pandemic, altering viewer habits and the box office landscape significantly."
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