WGA Says Stop-Work Order “Imminent” For Village Roadshow Over Late Payments: What’s Happening
deadline.comVillage Roadshow is late on payments to those writers working on their film and TV projects, we hear. As such the WGAW is bound to issue a stop work order to The Matrix franchise and Mad Max Fury Road co-financier and production company. “Village Roadshow is late on paying its writers’ and that a stop work order is imminent if they do not do what’s necessary,” said a WGAW spokesperson to Deadline this morning.
As seismic as that might seem, it’s a temporary situation for Village Roadshow as the label gets its house of cards in order.
What’s wrong? We understand the problem is with Village Roadshow’s majority stakeholder, Vine Alternative Investments, the specialized asset manager of $1.3 billion investments, who we’re told is having cash problems.
As such, Village Roadshow is currently fielding offers for a new majority stake holder in its company which counts a half billion-plus library of film and TV titles, many co-shared with Warner Bros.
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