Regal Cinemas CEO Backs Paramount-WBD Merger, Adds Antitrust Trial ‘Could Be Damaging to Our Industry’
"A long fight in court that extends into spring or summer doesn’t put more films in theaters," Eduardo Acuna says The post Regal Cinemas CEO Backs Paramount-WBD Merger, Adds Antitrust Trial ‘Could Be Damaging to Our Industry’ appeared first on TheWrap .
Regal Cinemas CEO Eduardo Acuna has voiced his support for the Paramount Skydance acquisition of Warner Bros. Discovery, warning that a protracted antitrust trial could hinder industry growth. Acuna claims that Skydance Paramount CEO David Ellison has pledged to release at least 30 theatrical films annually, protect a theatrical window of 45 days for TVOD and 90 days for SVOD for three years, and invest $30 billion annually in media content.
Despite opposition from unions, actors, trade organizations, and nonprofits like the Writers Guild of America, Acuna believes these commitments will benefit the industry. He also calls for settling the merger to avoid uncertainty and distraction. AMC CEO Adam Aron supports David Ellison's promises, while Cinemark remains the only major theater chain against the merger.
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