Business
AMC’s Adam Aron backs David Ellison’s takeover of Warner Bros. Discovery
As Hollywood has fractured over the proposed merger between Paramount Skydance and Warner Bros. Discovery, AMC Entertainment Holdings Chief Executive Adam Aron is throwing his support behind David Ellison.
The movie theater chief said he trusts that Ellison, Paramount’s CEO, will hold to his promise that the combined company will release 30 films a year — 15 each from Paramount and Warner Bros.
Many industry executives and other theater operators have questioned whether that goal is realistic, particularly given the cost cuts that are expected to commence after the deal closes. Exhibitors in particular fear that a decline in film releases will erase some of the progress made at the box office since the pandemic.
“Adam Aron and AMC are big fans of David Ellison,” Aron said during an interview Wednesday afternoon in Las Vegas, where he was attending the CinemaCon trade convention. “We respect his talent as a filmmaker and a movie executive, and we believe in the promises that he has made to increase the number of movies being made by Paramount and Warner Bros.”
Aron added that he trusts Ellison will respect calls to keep films in theaters for 45 days before they’re available for premium purchase at home and much later, on streaming services.
That strategy, known as windowing, became a more contentious issue after the pandemic when some studios began to reduce the amount of time films were in cinemas before audiences could view them at home.
“We’re enthusiastic that David will fulfill his promises,” Aron said. “And that in the end, this will prove to be a good thing for our company and our industry.”
He added that he hopes current Warner Bros. film chiefs Mike De Luca and Pam Abdy “continue to have the opportunity to do great work” at that studio. The pair led Warner Bros. to 30 Oscar nominations — more than any other studio this year — and 11 Academy Awards, including Best Picture.
After a difficult last few years, Aron said he feels like the theatrical business has “finally turned a corner.”
So far this year, domestic box office revenue is up more than 20% compared with the same time period last year, bolstering hopes across the industry that 2026 will mark a rebound from the downturn of the pandemic.
Last year, AMC saw a 2.1% decrease in attendance compared to 2024. But this year’s strong lineup of films has given Aron confidence that the company‘s revenue and earnings will rise this year.
The company is also working to pay down the debt it took on during the pandemic. The company had as much as $6 billion in debt in 2020 and is now down to $4 billion, Aron said.
“The big news of 2026 for us, in light of the rising box office, in light of rising EBITDA [earnings before interest, taxes, depreciation and amortization], and in paying down debt and extending maturities, I think we will have dramatically strengthened our balance sheet,” he said.
Aron also confirmed reports that Netflix Co-Chief Executive Ted Sarandos met with a group of movie theater chiefs in Las Vegas, a discussion he described as “introductory in nature” rather than about dealmaking since it was in a large group forum.
Netflix and AMC previously had a complicated relationship over the streaming service’s long-standing resistance to traditional theatrical releases.
But the two companies have recently partnered on several projects, including a Halloween weekend showing of the animated hit “KPop Demon Hunters,” New Year’s Eve screenings of the “Stranger Things” series finale and the first two episodes of the Netflix show “One Piece.”
Aron said AMC thoroughly embraced all three projects, and that both companies were pleased with the results.
“Both AMC and Netflix have individually said publicly that we hope this is the beginning of collaboration, and that we each expected more good joint projects to come in the future,” he said. “What those will be, I don’t even know yet, but I’m optimistic that we’ll be doing more things together with Netflix in the months and years ahead.”
Business
David Ellison hits CinemaCon, vowing to make more movies with Paramount-Warner Bros.
Paramount Skydance Chief Executive David Ellison made his case directly to theater owners Thursday, pledging to release a minimum of 30 films a year from the combined Paramount and Warner Bros. Discovery company during a speech at the CinemaCon trade convention in Las Vegas.
“I wanted to look every single one of you in the eye and give you my word,” Ellison said in a brief on-stage speech, adding that Paramount has already nearly doubled its film lineup for this year with 15 planned releases, up from eight in 2025.
He also said all films will remain in theaters exclusively for 45 days, starting Thursday. Films will then go to streaming platforms in 90 days. The amount of time that films stay in theaters — known as windowing — has been a controversial topic for theater owners, as some studios reduced that period during the pandemic. Theater operators have said the shortened window has trained audiences to wait to watch films at home and cuts into theater revenues.
“I have dedicated the last 20 years of my life to elevating and preserving film,” said Ellison, clad in a dark jacket and shirt with blue jeans. “And at Paramount, we want to tell even more great stories on the big screen — stories that make people think, laugh, dream, wonder and feel — and we want to share them with as broad an audience as possible.”
Ellison’s CinemaCon appearance comes as more than 1,000 Hollywood actors and creatives have signed a letter opposing Paramount’s proposed acquisition of Warner Bros. Supporters of the letter have said the deal would reduce competition in the industry and “further consolidate an already concentrated media landscape.”
Some theater operators have also questioned whether the combined company could achieve its goal of releasing 30 films a year, particularly after the cost cuts that are expected after the merger closes.
“People can speculate all they want — but I am standing here today telling you personally that you can count on our complete commitment,” Ellison said. “And we’ll show you we mean it.”
The speech came after a star-studded video directed by “Wicked: For Good” director Jon M. Chu that was shot on the Paramount lot on Melrose Avenue and showcased directors and actors including Issa Rae, Will Smith, Chris Pratt, James Cameron and Timothée Chalamet that are working with the company.
The video closed with “Top Gun” actor Tom Cruise perched atop the Paramount water tower.
“As you saw, the Paramount lot is alive again,” Ellison said after the video. “And we could not be more excited.”
Business
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Business
Civil case against Alec Baldwin, ‘Rust’ movie producers advances toward a trial
Nearly two years after actor Alec Baldwin was cleared of criminal charges in the “Rust” movie shooting death, a long simmering civil negligence case is inching toward a trial this fall.
On Friday, a Los Angeles Superior Court judge denied a summary judgment motion requested by the film producers Rust Movie Productions LLC, as well as actor-producer Baldwin and his firm El Dorado Pictures to dismiss the case.
During a hearing, Superior Court Judge Maurice Leiter set an Oct. 12 trial date.
The negligence suit was brought more than four years ago by Serge Svetnoy, who served as the chief lighting technician on the problem-plagued western film. Svetnoy was close friends with cinematographer Halyna Hutchins and held her in his arms as she lay dying on the floor of the New Mexico movie set. Baldwin’s firearm had discharged, launching a .45 caliber bullet, which struck and killed her.
The Bonanza Creek Ranch in Santa Fe, N.M. in 2021.
(Jae C. Hong / Associated Press)
Svetnoy was the first crew member of the ill-fated western to bring a lawsuit against the producers, alleging they were negligent in Hutchins’ October 2021 death. He maintains he has suffered trauma in the years since. In addition to negligence, his lawsuit also accuses the producers of intentional infliction of emotional distress.
Prosecutors dropped criminal charges against Baldwin, who has long maintained he was not responsible for Hutchins’ death.
“We are pleased with the Court’s decision denying the motions for summary judgment filed by Rust Movie Productions and Mr. Baldwin,” lawyers Gary Dordick and John Upton, who represent Svetnoy, said in a statement following the hearing. “He looks forward to finally having his day in court on this long-pending matter.”
The judge denied the defendants’ request to dismiss the negligence, emotional distress and punitive damages claims. One count directed at Baldwin, alleging assault, was dropped.
Svetnoy has said the bullet whizzed past his head and “narrowly missed him,” according to the gaffer’s suit.
Attorneys representing Baldwin and the producers were not immediately available for comment.
Svetnoy and Hutchins had been friends for more than five years and worked together on nine film productions. Both were immigrants from Ukraine, and they spent holidays together with their families.
On Oct. 21, 2021, he was helping prepare for an afternoon of filming in a wooden church on Bonanza Creek Ranch. Hutchins was conversing with Baldwin to set up a camera angle that Hutchins wanted to depict: a close-up image of the barrel of Baldwin’s revolver.
The day had been chaotic because Hutchins’ union camera crew had walked off the set to protest the lack of nearby housing and previous alleged safety violations with the firearms on the set.
Instead of postponing filming to resolve the labor dispute, producers pushed forward, crew members alleged.
New Mexico prosecutors prevailed in a criminal case against the armorer, Hannah Gutierrez, in March 2024. She served more than a year in a state women’s prison for her involuntary manslaughter conviction before being released last year.
Baldwin faced a similar charge, but the case against him unraveled spectacularly.
On the second day of his July 2024 trial, his criminal defense attorneys — Luke Nikas and Alex Spiro — presented evidence that prosecutors and sheriff’s deputies withheld evidence that may have helped his defense . The judge was furious, setting Baldwin free.
Variety first reported on Friday’s court action.
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