Cinema United Urges Paramount’s David Ellison, California AG To Resolve Differences; Cinemark Throws Support Behind Merger
As Paramount continues battling state AGs to close merger with Warner Bros Discovery, Cinemark, the nation’s third largest chain, has joined the top two circuits in supporting the $111 billion deal. Exhibition trade organization, Cinema United, which has strongly opposed the combination, sent a note to Paramount CEO David Ellison and California AG Rob Bonta, […]
Movie theater trade group Cinema United has urged California Attorney General Rob Bonta and Paramount Skydance leadership to reach a settlement in the state's lawsuit aimed at blocking Paramount's acquisition of Warner Bros. Discovery. This comes after Cinemark, along with AMC and Regal, endorsed the merger, signaling a shift in the theater industry's stance.
Cinemark sent a letter supporting the merger, emphasizing the industry's renewed momentum and Paramount's commitment to releasing 30 films annually with 90-day theatrical windows. Cinema United, comprised of leaders from Regal, Cinemark, Cineplex, B&B, Santikos Entertainment, and Marcus Theatres, among others, has expressed concerns about the negative impact of studio consolidation on the theatrical experience and the broader economy.
The organization has urged a settlement that would include no increases in rental terms, long-term commitments to wide theatrical releases, and continued access to both Paramount and Warner Bros. film catalogs without conditions that hinder theater owners' decision-making based on local preferences and market realities.
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