Village Roadshow CEO Steve Mosko has resigned in the wake of recent layoffs and a pay scandal involving the Writer’s Guild of America (WGA).
The former executive joined Village Roadshow in 2018 and has been pivotal in the company’s success.
Village Roadshow has been behind several major titles, including “Joker,” “The Matrix Resurrections,” and “Mad Max: Fury Road.” Previously, the company collaborated with Warner Brothers but is currently in arbitration with the studio regarding the controversial decision to release “The Matrix Resurrections” on HBO Max in 2021.
In December, the WGA issued a stop work order against Village Roadshow after it was reported that multiple writers had not been compensated adequately. The Guild stated, “It has come to the Guild’s attention that over the last few months Village Roadshow hasn’t paid writers on numerous projects. Village Roadshow owes writers compensation, interest, and benefit contributions but has refused to pay. As such, the Guild has determined that Village Roadshow is not reliable or financially responsible and requires the posting of a bond to protect writers. Village Roadshow has, to date, refused to do so.” Consequently, Village Roadshow has been placed on the WGA strike list until further notice.
Village Roadshow is owned by Vine Alternative Investments.
Before his tenure at Village Roadshow, Mosko spent 24 years at Sony Pictures Entertainment, with 16 of those years overseeing global television operations.
According to a report by Variety, the news of his resignation has raised concerns within the industry.
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