The entertainment company, Village Roadshow Entertainment Group, is missing its main showrunner. Steve Mosko, a seasoned TV and movie executive with a reputation built at Sony, has left his troubled organization.
It has been revealed to EbMaster that Mosko stepped down from his position as CEO within the past few days. The company, which has produced movies like “Joker” and “The Matrix,” has faced significant cash flow problems since autumn. With Vine Investments being its majority owner, EbMaster reported in December that Village Roadshow was at risk of WGA sanctions due to unpaid bills. These penalties were imposed just before the holiday season.
I couldn’t provide an instant response regarding the issue at hand, as Mosko himself was momentarily silent on the subject. However, a representative from Vine Investments was yet to get back to me with their take on the matter when I reached out for a statement.
In 2018, Mosko secured the role with VREG. With ample funding available, he expanded the film and television development teams and projects. Over the past six months, he has been working tirelessly to rescue creative talent and initiatives, according to sources. Known for his popularity and extensive experience, Mosko is expected to have numerous new corporate job offers at his disposal. Some of those close to him believe he might venture into independent production.
In July, Vine sold a significant portion of its historical entertainment properties, which included the music catalog of renowned artist Calvin Harris, to Shamrock Capital for approximately $2.4 billion. Despite this sale, it appears that cash flow remains a challenge.
According to reports from October, VREG made the decision to let go of a minimal number of employees, primarily those in mid-level positions. Currently, it’s uncertain what will happen to the senior management figures, such as the heads of departments like film and both scripted and unscripted television.
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2025-01-24 02:17