UK cinemas give wary approval to Paramount's victory in Warner Bros race

LONDON, Feb 27 (Reuters) - British cinemas cautiously welcomed Paramount Skydance beating Netflix in the race to buy Warner Bros Discovery, but remained concerned that combining the Hollywood studios could cost jobs and reduce the number of movies released in theatres.Netflix walked away on Thursday after refusing to raise its bid. The streaming giant has long been viewed as a threat to cinemas because it shuns traditional releases in favour of keeping content on its platform, usually putting titles in thea ...