Village Roadshow Entertainment Group, known for films such as "The Matrix" and "Joker", has filed for Chapter 11 bankruptcy protection in the US. This was done in Delaware, with the company struggling with significant debts. The filing follows a costly legal battle with Warner Bros. over the film "The Matrix Resurrections". The partnership with Warner Bros., crucial to the success of Village Roadshow, has been irreparably damaged, according to the company. The pandemic and strikes in Hollywood have also contributed to the company's financial problems.

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