Cinema United Warns House Committee Of Negative Impact Of Netflix Or Paramount Acquisition Of Warner Bros. Discovery

The trade association representing theater owners warned a congressional committee that the acquisition of Warner Bros. Discovery by either Netflix or Paramount will have a negative impact on their business. Cinema United argued that the consolidation threatens to reduce the number of movies released theatrically and increase the leverage of studios in exhibition negotiations. The trade association outlined its concerns over consolidation in a statement to a House Judiciary antitrust subcommittee, which is ...