Cajun Ape

I issued the following statement this morning about potential industry consolidation: The U.S. Department of Justice, state regulators, and other competition authorities throughout the world are currently looking at announced consolidation efforts in the movie industry. AMC Entertainment does not seek to influence their deliberations or decisions.  And as a preface to my comments today, I want to emphasize my profound admiration and respect for the entirety of the executive teams at Warner Bros., who have proven over and over again how immensely talented they are. The leadership of Warner Brothers’ Mike De Luca and Pam Abdy is especially noteworthy. They already have brought so many superb movies to our screens at AMC, films that were commercially successful and which met with critical acclaim. What’s more, they have brilliantly positioned Warner Bros. to have a compelling and promising slate of movies coming to delight moviegoers in 2026, 2027, 2028, and beyond.  Having said that, it is time for AMC to make known our favorable view about Paramount’s desire to acquire Warner.  I greatly appreciate David Ellison’s track record of success and his passion to make movies that will dazzle audiences the world over. In just the short time he has owned Paramount Pictures, he already has begun to assemble a superb team around him and already has been increasing the number of movies being greenlit at Paramount. Of particular importance are his public commitments to expand film distribution by Paramount and Warner to at least 30 movies per year, and his vocal embrace of a 45-day exclusive theatrical window. Each of these developments is a significant improvement to what has been the case in recent years, where fewer movies were made and that they left theatres more quickly. Our knowledge of the film industry also convinces us that each of these promises is essential for the long-term health both of AMC and the broader movie theatre industry. I am confident that David Ellison is sincere as to his intentions, and truly believe that he in fact will wind up delivering on these commitments.

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JUST IN: Spirit Airlines is reportedly at risk of liquidation as rising fuel costs worsen its financial crisis.

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