Cinemark Endorses Paramount-Warner Merger, Cinema United Calls for Settlement as Theater Execs Change Course
Trade org calls for key conditions in a settlement between California AG Rob Bonta and the studio The post Cinemark Endorses Paramount-Warner Merger, Cinema United Calls for Settlement as Theater Execs Change Course appeared first on TheWrap .
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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