Hollywood
US Justice Department probes Warner Bros sale impact on cinemas: Report
Theatre chains called in to discuss potential effect of Netflix or Paramount deals
NEW YORK: The US Justice Department has summoned some of the country’s largest cinema chains to private talks about the possible sale of Warner Bros Discovery, according to a Bloomberg report. Government antitrust lawyers are seeking information on how a sale could affect film releases and the wider movie-going public.
Bloomberg reports that, sources familiar with the meetings said officials are exploring whether a sale could shrink the number of films hitting theatres or shift the balance in the streaming versus cinema tug-of-war.
The review is focused on the potential impact of a sale to either Netflix or Paramount Skydance. While Netflix has a history of releasing only a limited number of films in select theatres for short runs, Paramount Skydance could face heavy debt if it succeeds, possibly limiting its film production.
The meetings come after Warner Bros recently rejected Paramount Skydance’s hostile $30-a-share bid, while giving the rival studio seven days to submit a best and final offer that would top the existing Netflix agreement. Paramount acknowledged the offer but called Warner Bros’ board actions unusual.
Warner Bros is moving forward with a vote on Netflix’s offer for its streaming and studio businesses on March 20. If approved, the merger would follow a spin-off of Warner Bros’ Discovery Global cable operations, including CNN, TLC, Food Network and HGTV, into a separate publicly traded company.
For cinema-goers, the question remains whether Hollywood’s boardroom battles will shrink the number of films on the big screen or just shuffle the popcorn seats.
Hollywood
Disney chair confident CEO Josh D’Amaro will ‘rise to the occasion’ in Trump–Kimmel row
Board backs new chief as ABC controversy tests leadership early on
NEW YORK: The Walt Disney Company has placed the responsibility of handling the escalating dispute between Donald Trump and late-night host Jimmy Kimmel squarely on its new chief executive, Josh D’Amaro.
Speaking at a business conference in Oslo, Disney chair James Gorman said it would be up to the CEO and his team to determine the company’s response to the controversy surrounding Jimmy Kimmel Live!. He noted that such challenges are not uncommon for large corporations and require careful handling at the leadership level.
The row intensified after both Donald Trump and Melania Trump publicly called for Kimmel’s dismissal following remarks made on his show. The comments, which referenced the First Lady, sparked backlash in the days leading up to a security incident at the White House Correspondents’ Dinner.
Kimmel addressed the issue on-air, clarifying that his joke was intended as a reference to the couple’s age difference and not an incitement to violence. He also expressed sympathy for those affected by the incident and reiterated his stance against violent rhetoric.
Despite mounting pressure, Gorman refrained from offering specific guidance on the future of the show or the host. Instead, he voiced confidence in D’Amaro’s leadership, describing him as “world class” and capable of navigating the situation effectively.
The episode presents an early and high-profile test for D’Amaro, who stepped into the top role just last month. How Disney balances editorial independence, public sentiment and political pressure will likely shape not just the outcome of this controversy, but also the tone of its leadership in the months ahead.
