Sean Gamble, the CEO of Cinemark, expressed optimism of Paramount winning the bidding war to purchase Warner Bros. Discovery, saying it could be great for movie theaters.
Gamble shared his views on the bidding war fallout when during a session with the Morgan Stanley Investors Conference.
“Both Paramount and Warner Bros. have been longstanding supporters of theatrical exhibition and great partners for Cinemark,” Gamble said. “Based on their actions over many, many years, that’s a real positive. There clearly has been a lean of those organizations to ramp up more into the space.”
Gamble said the movie theater business would also improve if the…
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