Tunde Sulaiman 
Village Roadshow Entertainment Group, the film production company behind franchises such as The Matrix, the Joker and Ocean’s has filed for bankruptcy protection in the US, according to a filing with a Delaware court.
The firm has blamed its financial troubles on a legal battle with its former partner Warner Bros (WB) and a “failed and costly endeavour” into the production of independent films and television series.
In a bid to mitigate some of its financial problems, Village Roadshow is proposing to sell its extensive film library for $365m (£281m), reports the BBC.
The company’s debts are estimated to be between $500m and $1bn, according to the court documents.
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