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Cinema Lives: Studios Commit to 30 Theatrical Releases
27 Feb
Summary
- Paramount and WBD boards approved an $110 billion merger.
- Each studio will commit to 15 theatrical releases annually.
- Films get a 45-day theatrical window before VOD release.
The boards of Paramount and Warner Bros. Discovery have given their official approval to an $110 billion merger, signaling a new era for both media giants. This consolidation comes with a significant pledge to maintain a strong presence in cinematic releases, committing to a minimum of 30 theatrically distributed films annually across the combined entity.
Under the new structure, Paramount and Warner Bros. Discovery will each contribute 15 films per year to this theatrical slate. Each of these productions is guaranteed a full cinematic run, with an exclusive theatrical window of at least 45 days globally. This ensures ample time for audience engagement before films transition to paid video-on-demand platforms, with successful titles potentially enjoying extended exclusivity of 60 to 90 days or longer.
Both studios will continue to foster a dynamic content ecosystem by licensing their film and television libraries to various platforms, including their own and external services. Furthermore, they intend to remain active participants in the market as purchasers of content from other studios and independent producers, ensuring a diverse flow of entertainment.
