Cinemark has joined AMC and Regal in supporting the $111 billion merger, aligning the country's three largest theater chains in favor of the deal.

Cinemark has officially endorsed the proposed merger between Paramount and Warner Bros. Discovery. This move aligns the nation's three major theater chains—Cinemark, AMC Theatres, and Regal Cinemas—in support of the $111 billion deal. The chains are advocating for an expedited resolution to the merger process to avoid prolonged industry uncertainty.

Industry Perspectives on the Merger

Cinemark stated that the industry's success depends on a healthy ecosystem supported by financially stable studios and exhibitors. The company expressed encouragement regarding ongoing dialogues between Paramount Skydance and Cinema United, the exhibition industry's primary lobbying group. Conversely, Cinema United president Michael O'Leary remains opposed to the sale, warning that a takeover could lead to fewer film releases and potential theater closures. O'Leary has described promises of theatrical support as unenforceable.

Market Context and Legal Challenges

The support from theater chains comes as the summer box office shows signs of recovery, with revenues exceeding $4 billion for the second time since the COVID-19 pandemic. While some industry leaders fear the merger could mirror the output reduction seen after Disney's 2019 acquisition of 20th Century Fox, Paramount Skydance CEO David Ellison has pledged to release at least 30 films annually. Currently, the merger faces an antitrust lawsuit from a 12-state coalition, with a trial scheduled for 2027.