Paramount Pictures takes the stage at CinemaCon amid $111B Warner Bros. deal
AP News
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Paramount Pictures is presenting its upcoming slate to theater owners at CinemaCon in Las Vegas.
This comes amid its pending $111 billion deal to acquire Warner Bros.
Discovery.
The merger has sparked discussions about its impact on the exhibition business.
Some filmmakers, like Denis Villeneuve and J.J. Abrams, oppose the merger, while James Cameron supports it.
Paramount plans to release 15 movies in theaters and aims for 30 releases annually with Warner Bros.
The deal awaits shareholder and regulatory approval.
Critics worry about potential job cuts and reduced competition in the industry.
Paramount and Warner Bros. Merger
- New Paramount Pictures Heads Dana Goldberg, Josh Greenstein Set Robust Film Agenda at CinemaCon Variety —
- Ellison takes Paramount, Warner Bros case straight to theater owners - Reuters Reuters —
- David Ellison hits CinemaCon, reiterating pledge to make more movies with Paramount-Warner Bros. Los Angeles Times —
- Paramount CEO promises to release more movies Boston Globe —
- David Ellison Promises That Paramount and Warner Bros. Will Be Theatrical Heroes: “Long Live the Movies” The Hollywood Reporter —