On today’s episode, Michael O’Leary, president and CEO of Cinema United , discusses the state of moviegoing and the reaction among exhibitors to the Netflix-Warner Bros. Discovery news. The leader of the world’s largest lobbying group for movie theater owners unpacks why exhibitors are so worried about Netflix taking the keys to Hollywood’s biggest producer of theatrical films.

O’Leary cites Cinema United research indicating that when one sizable studio absorbs another studio –aka Disney’s acquisition of 20th Century Fox — the total volume of film production for theatrical release declines by 43%.

In addition to outlining the exhibition’s fears regarding Warner Bros., O’Leary discusses areas of common ground such as marketing where exhibitors aim to work more closely with studios.

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