Paramount Promises 30 Film-A-Year Contracts After WBD Acquisition

Paramount is making commitments to major theater chains to release 30 films annually for three years if its Warner Bros. deal goes through. According to Deadline, the written commitment was sent to "at least one of the top two circuits" (specifically Regal but AMC may have also received a written commitment) and includes "an exclusive 45-day theatrical window and a 90-day window to streaming." From the report: When it comes to the big chains, it matters for them to be on the right side of history with Paramount, especially when it comes to future terms on a 30-film slate. However, the rest of Cinema United (formerly National Association of Theatre Owners) remains firmly against the Paramount-Warner Bros merger and its potential negative financial outcomes in regards to long-term box office, feature film output and loss of jobs. Cinema United has been trying to meet again with Paramount CEO David Ellison, but there's nothing on the books yet, we understand. [Regal boss Eduardo Acuna] told Deadline that in regards to Paramount's future promise to exhibition, "[Paramount CEO] David [Ellison] is sincere in making these commitments, and he has offered to execute a consent decree to the state AGs to that effect. These are tangible and important commitments that will benefit the industry and which can be measured." Paramount insiders tell us that no written commitments have been given to exhibitors yet, but Ellison is willing to make non-bespoke ones to any theater chain wanting them. And such deals will come with financial penalties to Paramount should it break such agreements with theaters. Again, this is all about Ellison standing behind his promises made at CinemaCon to maintain a hefty theatrical output and excellent windows to theaters.

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