Cinema United President and CEO Michael O’Leary and board Chair Mike Bowers reversed the movie theater trade group’s position Tuesday in California’s federal antitrust fight over Paramount Skydance’s $110 billion acquisition of Warner Bros. Discovery.
They urged Attorney General Rob Bonta and Paramount CEO David Ellison to negotiate because they said prolonged uncertainty threatened box-office momentum and the entertainment industry.
O’Leary and Bowers said the industry’s recovery depended on the two sides discussing a resolution with protections for theaters and moviegoers.
DAVID ELLISON BREAKS SILENCE ON PARAMOUNT-WBD MERGER FIGHT; CNN…
Read the full article at FOXBUSINESS.COM


