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Village Roadshow Pays Warner $57 M After Arbitration Ruling

5/9/2026

Summary

Story summary

Village Roadshow will pay Warner Bros. $57 million.
An arbitrator ruled Village Roadshow breached the agreement.
The arbitrator ordered $125 million for a 50% profit share after Warner recouped costs.
The settlement, which equals balance after subtracting that profit share, followed a 2022 lawsuit that helped trigger Village Roadshow’s bankruptcy last year.
Alcon’s $18.5 million bid won derivative rights and will produce a “Practical Magic” sequel for the September release.

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Story summary

Village Roadshow will pay Warner Bros. $57 million.
An arbitrator ruled Village Roadshow breached the agreement.
The arbitrator ordered $125 million for a 50% profit share after Warner recouped costs.
The settlement, which equals balance after subtracting that profit share, followed a 2022 lawsuit that helped trigger Village Roadshow’s bankruptcy last year.
Alcon’s $18.5 million bid won derivative rights and will produce a “Practical Magic” sequel for the September release.