Paramount's Pledge: Ensuring Cinema's Future with Warner Bros Deal

David ​Ellison, CEO of Paramount Skydance, assured cinema operators of a commitment to producing 30 films annually upon acquisition of Warner Bros Discovery. Despite skepticism, Ellison emphasized exclusivity in theaters for 45 days, addressing industry concerns about market impact and film availability.

In a bold assertion at the CinemaCon convention in Las Vegas, Paramount Skydance CEO David ​Ellison assured theater owners of a continued commitment to the big screen experience, promising the release of at least 30 films annually pending the acquisition of Warner Bros Discovery.

Ellison's pledge comes amid apprehension from cinema operators worried about the implications of the proposed $110 billion merger. Paramount plans to boost its output, aiming to release 15 films this year, significantly increasing from past totals.

The CEO emphasized that all films would enjoy a minimum 45-day theater exclusivity, addressing industry calls for longer runs. Meanwhile, Cinema United's leader voiced concerns about potential downsides for the entertainment industry and consumers if such mergers lead to fewer films.

(With inputs from agencies.)