Bruckheimer, Thomas Question Merger Backlash

Mega-producers Jerry Bruckheimer and Emma Thomas voiced their reservations about the open letter circulating to block the Paramount-Warner merger, with Bruckheimer stating he was not asked to sign. He believes the merger is largely approved, particularly in European countries, and that delaying it would negatively impact the industry. Thomas echoed a sentiment that petitions may not be the most effective means for change.

Both producers are affiliated with Cinema United, a new body championing the theatrical moviegoing experience. During a panel discussion, they acknowledged broader industry challenges, including the impact of streaming, consolidation, and recent disruptions like the pandemic and strikes. Bruckheimer's primary fear is the loss of more studios due to consolidation, while Thomas is concerned about "disruption for disruption's sake" and a lack of logic in recent business decisions.

Thomas highlighted that the business is in a precarious state, suggesting that the profit motive and investment in theatrical releases have diminished. She advocated for a longer-term perspective and investment in the industry's infrastructure, emphasizing the need to give movies the best chance for success by maintaining a consistent pipeline of theatrical releases.