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HALO News Business Movie theater group reverses course, urg...
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Movie theater group reverses course, urges California AG to settle $110B Paramount-Warner Bros lawsuit

Movie theater group reverses course, urges California AG to settle $110B Paramount-Warner Bros lawsuit

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...

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