Alcon Media Group has received its $417.5 million bid to accumulate the movie library of Village Roadshow Leisure Group.
 
The deal contains Village Roadshow’s whole library of mental properties, distribution rights and money flows. It contains 108 movies, in addition to the handfuls of images the corporate co-produced and co-financed in affiliation with Warner Brothers Photos since 1997, together with “Mad Max: Fury Highway,” the “Ocean’s Eleven” collection, “The Matrix” trilogy, “Joker,” “Prepared Participant One,” 2009’s “Sherlock Holmes,” and “Wonka.” In a launch touting the acquisition, Alcon stated the library generates an estimated $50 million yearly.
 
Village Roadshow’s belongings additionally embrace a improvement slate of movies and scripted and unscripted tv collection.
 
Alcon’s movies embrace “Blade Runner 2049,” “The Blind Aspect,” Christopher Nolan’s “Insomnia,” Denis Villeneuve’s “Prisoners,” and the just lately rebooted “Garfield” franchise with Chris Pratt. The corporate stated that after the deal, it’s now the copyright holder of one of many largest unbiased function movie libraries on the earth.
 
Village Roadshow filed for chapter safety in March of this yr with $223.8 million in asset-backed secured notes and $163.1 million of senior secured debt, in line with court docket paperwork. On the time, Village Roadshow was engaged in an costly authorized battle with Warner Bros. over “The Matrix Resurrections,” a 2021 sequel to the sci-fi collection.

A number of entities responded with bids to accumulate its belongings. Alcon entered as a stalking horse bidder quickly after the submitting.

In a joint assertion, Broderick Johnson and Andrew Kosove, co-CEOs of AMG and its manufacturing and financing group Alcon Leisure, stated they had been “happy” by the deal and referred to as it “accretive to Alcon’s present movie library.”

“We intend to proceed to be opportunistic sooner or later as different enticing belongings turn out to be accessible within the market,” the pair added.

The deal was negotiated on behalf of Alcon by the Firm’s COO Scott Parish and CFO Jason Kummer. Alcon Media Group is represented by Scott Edell, Brandon Cherry, and Vadim Rubinstein of Loeb & Loeb LLP. Village Roadshow is represented by Justin R. Bernbrock, Matthew T. Benz, Jennifer L. Nassiri and Alyssa Paddock of Sheppard Mullin Richter & Hampton LLP and Joseph M. Mulvihill, Carol E. Thompson and Benjamin C. Carver of Younger Conaway Stargatt & Taylor LLP.