Paramount Offers to Put David Ellison’s Annual 30-Film Theatrical Promise in Writing
The studio has made a push to get theater chains like Regal and Vue Cinemas to support its acquisition of Warner Bros. Discovery The post Paramount Offers to Put David Ellison’s Annual 30-Film Theatrical Promise in Writing appeared first on TheWrap .
Paramount Skydance has extended an offer to put CEO David Ellison's promise of releasing 30 theatrical films annually, with a 90-day theatrical window, in writing. This move aims to secure support from major theater chains, specifically AMC Theatres, Regal Cinemas, and Vue Cinemas, crucial in the merger with Warner Bros. Discovery (WBD).
The agreement includes a minimum 45-day theatrical window before premium video on-demand release and 90 days before streaming, key to winning over the support of theater chains. Regal Cinemas CEO Eduardo Acuna emphasized the urgency of negotiations, urging industry-wide collaboration. Despite these offers, some smaller theater chains remain skeptical, citing concerns about box office revenue splits and 'clean screen' terms.
Cinema United, representing a broad theater chain group, opposes the merger and supports the Bonta lawsuit, while also being open to future discussions. Paramount has reportedly confirmed these agreements, first reported by Bloomberg.
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