The company attributed its red ink to its protracted battle with Warner Bros. over the release of "The Matrix Resurrections" and a push into independent production. Village Roadshow said a potential sale last year collapsed because of uncertainty surrounding the dispute.

The company filed for bankruptcy protection Monday in Delaware, adding that there was a stalking horse bidder for its assets.

Village Roadshow, producer and financier of The Matrix, Joker and Lego movie franchises, filed for bankruptcy protection amid a legal battle with WB.