The post Village Roadshow Files for Chapter 11 Bankruptcy appeared first on TheWrap.

Village Roadshow has had a difficult few months leading to Monday’s bankruptcy filing. CEO Steve Mosko stepped down earlier this year, and multiple rounds of layoffs have left only a skeleton staff.

Village Roadshow Entertainment Group ... forcing it to file for bankruptcy. It said it has a so-called stalking horse bid of $365 million for its library and a DIP (debtor-in-possession) facility ...