Warners unlikely to offer up enough projects
After three decades largely hitched to Warner Bros., Village Roadshow Pictures Group may now be ready to take on more dance partners.Of the 44 films Roadshow has co-financed, 40 — including “The Matrix” trilogy –have been with Warners, making the two as tight as Laurel and Hardy. But armed with an increased credit line totaling $1.4 billion, Roadshow plans to boost the number of movies it co-produces each year from six to eight to 12 to 15. The catch: Though Warners will remain Roadshow’s primary partner, it’s unlikely the studio will be able to offer up enough projects for VR’s expanded pocketbook, considering the recent influx of other co-financing partners on the lot, such as Legendary Pictures. Village Roadshow Pictures still doesn’t intend to develop its own projects. But it is making sure its exec ranks are in order, including extending the contracts of chair-CEO Bruce Berman and prexy-COO Steve Krone.
Want Entertainment News First? Sign up for Variety Alerts and Newsletters!