Cinemark CEO Is Glad Paramount Won Warner Bros.
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Sean Gamble told an investors conference a longtime supporter of theatrical exhibition had prevailed in the merger battle.
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Share on Facebook Share on X Google Preferred Share to Flipboard Show additional share options Share on LinkedIn Share on Pinterest Share on Reddit Share on Tumblr Share on Whats App Send an Email Print the Article Post a Comment Cinemark CEO Sean Gamble sees the multiplex being more assured of Warner Bros. tentpoles for longer runs after Paramount prevailed over Netflix in the battle for the studio. “Both Paramount and Warner Bros. have been longstanding supporters of theatrical exhibition and great partners for Cinemark,” Gamble told the Morgan Stanley Investors Conference during a session on Tuesday that was webcast. “Based on their actions over many, many years, that’s a real positive. There clearly has been a lean of those organizations to ramp up more into the space.” Related Stories Movies Cinemark CEO Is "a Bit Apprehensive" to Buy Into Netflix's 45-Day Theatrical Window Commitment Business Cinemark Earnings: The Final Quarter of 2025 Was No Final Quarter of 2024 Paramount still has to secure regulatory approval from government agencies to complete the WBD takeover. “We’re hearing all the right things. There’s still a lot of details to work through,” Gamble said. Netflix dropped its $82.7 billion proposed deal for Warner Bros. Discovery rather than match a sweetened bid submitted by David Ellison’s Paramount valued at $110 billion. Netflix had come under suspicion by Cinemark in its run for WBD for not giving its films a traditional theatrical run, even as it committed to a 45-day theatrical window for Warner Bros. pictures should it prevail in the merger battle. Gamble also talked about the theatrical window continuing to evolve coming out of the pandemic, and especially with Disney returning to a 60-plus days cinema release for many of their long-playing films. “They’ve proven that that model works and it’s a good model for the industry,” Gamble said as Zootopia 2 is set to reach Disney+ on March 11 after a 105-day theater window. Gamble also talked about ...
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