Alcon Wins Derivative Rights to Iconic Warner Bros. Films in $417.5M Deal

In a significant development, Alcon Media Group has secured the derivative rights to a number of iconic Warner Bros.-released films that it acquired from the bankrupt Village Roadshow. This includes the rights to blockbuster titles such as The Matrix, Practical Magic, and Mad Max.

The acquisition of these derivative rights, which grant Alcon the ability to authorize and participate in any sequels or remakes based on the Village Roadshow intellectual property, was finalized in a recent Delaware bankruptcy court ruling. Alcon had purchased the entire Village Roadshow library back in June 2025 for $417.5 million.

"The court's ruling today will allow Alcon to complete its comprehensive purchase of the Village Roadshow assets," stated Alcon CEOs Andrew Kosove and Broderick Johnson. "Alcon looks forward to working collaboratively with Warner Bros., as we have for over a quarter-century, to partner in the exploitation of the derivative rights to these many great films across multiple platforms."

The Village Roadshow bankruptcy was triggered by a failed venture into producing its own films and TV shows, as well as a 2021 lawsuit loss against Warner Bros. over the simultaneous release of The Matrix Resurrections in theaters and on streaming. With this latest court decision, Alcon can now fully leverage its expanded library, which also includes titles like the Ocean's Eleven series, Wonka, and the 2009 Sherlock Holmes adaptation.