Warner Bros. appealed a bankruptcy court’s approval of an $18.5 million sale of assets from the studio behind the “Matrix” and “Ocean’s” sagas to Alcon Media Group.
Village Roadshow Entertainment Group gained court approval of the sale in early November over objections from Warner Bros., which made a last-ditch effort to purchase the derivative rights assets with a bid that included $19.5 million in cash.
Warner Bros. also asked the US Bankruptcy Court for the District of Delaware on Tuesday to pause the closing of the sale pending the appeal.
The entertainment giant said it will be irreparably harmed if ...
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