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Major theater chains, including Cinemark, AMC Theatres, and Regal, are publicly supporting the proposed merger between Paramount and Warner Bros. Discovery. This comes as Paramount seeks a $1.88 billion bond in an antitrust case, with states expressing concerns the deal could harm competition.
Paramount is reportedly making deals with theaters for 30 films a year, a strategy to address antitrust concerns regarding its potential merger with Warner Bros. Cinema United, however, remains opposed to the acquisition.
Hollywood stars and industry executives are increasingly protesting the proposed merger between Paramount and Warner Bros. Discovery, with an open letter signed by thousands. A hearing is planned where David Ellison is invited to testify, addressing concerns about market concentration.
Cinema United, representing movie theater owners, has escalated its opposition to the proposed Paramount-Warner Bros. Discovery merger by appealing to Attorneys General Associations, citing concerns for 'Main Street America'.
The CEO and board chair of the trade organization Cinema United suggested that the merger dispute could halt box-office momentum and inject disastrous uncertainty into the marketplace.
AMC Theatres CEO Adam Aron supports a Paramount-Warner Bros. merger, dismissing state attorney general concerns, while Cinema United Chief Michael O’Leary opposes the deal and endorses litigation to delay it. The potential merger has created a clear division among cinema industry leaders.
Cinema United CEO Michael O’Leary has voiced concerns about a potential Paramount acquisition of Warner Bros., stating it could lead to theater closures, and also commented on Netflix's 'Narnia' project.
Exhibitors weren’t in favor of a Netflix and Warner Bros marriage and a Paramount-Warner Bros union isn’t going to change their minds.
Movie theater owners are embroiled in a 'Cinema Civil War' over the proposed takeover of Warner Bros. Discovery by Paramount, with the exhibition industry's lobbying group, Cinema United, at the center of the drama.
Twelve US states, along with various industry groups, have filed lawsuits seeking to block the proposed merger between Paramount and Warner Bros. Discovery. They argue that the combination would harm competition and is not in the public interest.
Cinema United has established a new Filmmaker Leadership Council, with producers Jerry Bruckheimer and Emma Thomas appointed as its leaders. The council also includes notable filmmakers such as Ryan Coogler, Brad Bird, and Jason Reitman.
Trade org Cinema United will ask Capitol Hill lawmakers, the Justice Department and states to stop further consolidation of the contracting movie industry by blocking David Ellison's bold bid.