Cinemark Backs Paramount-Warner Bros. Discovery Merger
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- Cinemark endorsed the Paramount-Warner Bros. Discovery merger, joining AMC Theatres and Regal as the third major U.S. theater chain to support the deal
- All three of the country's major movie theater chains now publicly back the $111 billion merger between Paramount and Warner Bros. Discovery
Why it matters: Unified support from Cinemark, AMC, and Regal removes exhibitor opposition as a potential obstacle to the $111 billion Paramount-Warner Bros. Discovery tie-up, removing one more major stakeholder hurdle for the deal's approval.
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