Theaters on Thin Ice: Regal's Support for Paramount Deal Raises Questions Regal Cinemas CEO Eduardo Acuna has thrown his weight behind David Ellison's $111 billion bid to create a media behemoth by merging Warner Bros.
Discovery with Paramount Pictures. This endorsement from the second largest chain in the US comes at an interesting time, with 12 states suing to block the deal on antitrust grounds.
The support of major theater owners like Regal and AMC Theatres is crucial for Team Ellison, as it allows them to claim that the merger won't harm competition in the theatrical marketplace.