“Both Paramount and Warner Bros. have been longstanding supporters of theatrical exhibition and great partners for Cinemark,” Gamble told the Morgan Stanley Investors Conference during a session on Tuesday that was webcast. “Based on their actions over many, many years, that’s a real positive. There clearly has been a lean of those organizations to ramp up more into the space.”
Paramount still has to secure regulatory approval from government agencies to complete the Wbd takeover. “We’re hearing all the right things. There’s still a lot of details to work through,” Gamble said. Netflix dropped its $82.7 billion proposed deal for Warner Bros. Discovery rather than match a sweetened bid submitted by David Ellison’s Paramount valued at $110 billion.
Netflix had…
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