David Ellison, CEO of Paramount Skydance, pledged at CinemaCon to release at least 30 films annually across Paramount and Warner Bros. following their merger. He also promised a 45-day exclusive theatrical window for new releases. The announcement comes amid industry skepticism about the deal's impact on film output and theater revenues.
Ellison's remarks followed concerns from theater owners and filmmakers about potential cost-cutting measures post-merger. AMC CEO Adam Aron endorsed Ellison's promises, expressing confidence in the commitment to theatrical releases. Meanwhile, over 2,000 Hollywood professionals, including Bryan Cranston and Jane Fonda, signed an open letter opposing the merger, citing potential harm to the industry.
The merger, valued at $111 billion, has sparked debates about film production volumes and streaming strategies. Warner Bros. executives Mike De Luca and Pam Abdy, who led the studio to 30 Oscar nominations this year, face uncertainty about their roles post-merger. Ellison's appearance at CinemaCon included a promotional video featuring stars like Tom Cruise and Timothée Chalamet.