Cinemark has endorsed the Paramount and Warner Bros. Discovery merger, which means all three of the country’s major movie theater chains are backing the $111 billion deal. “The enduring success of our industry requires a healthy theatrical ecosystem supported by financially sound studios and exhibit…
Cinemark is throwing its hat in with AMC and Regal in signaling support for a "expedited resolution" on David Ellison's marriage of Paramount and Warner Bros.
As Paramount continues battling state AGs to close its merger with Warner Bros Discovery, Cinemark, the nation’s third largest chain, has joined the top two circuits in supporting the $111 billion deal.
The CEO and board chair of the trade organization Cinema United suggested that the merger dispute could halt box-office momentum and inject disastrous uncertainty into the marketplace.
Cinemark on Tuesday became the latest major theater operator to toss its hat in the ring, after AMC Theatres and Regal Cinemas previously backed the $110 billion Paramount-Warner Bros. Discovery merger.
