Matrix Resurrections Poster - Photo courtesy of Sarunyu L on Shutterstock

“The Matrix Resurrections” co-producer Village Roadshow Films has agreed to arbitrate its claims alleging Warner Bros.’ decision to release the film simultaneously on HBO Max and in theaters was a breach of contract.

Village Roadshow lawyers filed court papers on Thursday with Los Angeles Superior Court Judge David Cunningham saying the company would no longer be pursuing its claims in court.

“Upon review of the court’s tentative rulings, Village hereby waives its right to the May 27 hearing on Warner Bros.’ motion to compel arbitration … and accepts the court’s tentative rulings on the motion to compel arbitration … as final,” the Village Roadshow attorneys stated in their court papers.

In the original suit filed Feb. 7, Village Roadshow also alleges that Warner Bros. moved the release date of the film to 2021 from 2022 to help HBO Max attract more subscribers, purposely harming the film’s box office receipts as a result.

Village Roadshow then filed an amended complaint on March 25, adding Warner Media LLC as a defendant.

Warner Bros. attorneys stated in court papers filed in April that the revised complaint was brought in alleged violation of a Feb. 15 court order imposing a stay on the case. They also maintained that the plaintiff’s lawyers stated only a few weeks earlier that they planned no such amendment.

All but Village Roadshow’s added claim for breach of the state’s Unfair Competition Law were a rehash of its original complaint and it also was subject to arbitration along with the declaratory relief cause of action, Warner Bros. attorney maintained in their court papers.

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