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According to the DiscussingFilm X account, Paramount said the company will release 30 movies per year into theaters at a minimum. The news indicates there will be 15 Warner Bros. movies released and 15 more from Paramount Pictures. The better news is that Paramount claims it will promote the theatrical experience by ensuring the 45-day theatrical window remains in place for each movie’s release.
Paramount Paying a Huge Sum for Warner Bros.
The idea that Paramount is trumpeting the idea of increasing theatrical releases and focusing on them over streaming is good news for movie fans. However, it is also smart for Paramount to say right now. After the news broke that Paramount was buying Warner Bros. by forcing Netflix’s hand, the theater owners’ trade organization, Cinema United, President and CEO Michael O’Leary said they are against Paramount buying Warner Bros.
With the amount of money that Paramount is paying, the studio needs as much support as it can get. Paramount’s deal is $110 billion, plus, since the Netflix deal was already signed, another $2.88 billion to Netflix to terminate the agreement. With all this money already paid just to own Warner Bros., that makes many feel Paramount is overestimating what they can spend to release 30 movies a year. In some ways, Netflix came out on top in the situation, at least in the short term.
