Movie theater trade association Cinema United, who was an opponent of a Warner Bros Discovery acquisition from the onset, released a statement this morning, commending the four AGs work on settling with Paramount.
“The consent decree includes language on increased film production for five years, meaningful theatrical exclusivity and wide distribution, prohibitions on cost increases, and continued access to the catalogs of Paramount and Warner Bros,” said Cinema United President and CEO Michael O’Leary in a statement this morning. All good things for movie theaters after they have suffered Covid closures, and Hollywood union strikes impacting the box office;
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