Cinema United Warns Warner Bros.
Sale Will Hurt Movie Business: ‘Theaters Will Close, Communities Will Suffer, Jobs Will Be Lost’
Cinema United told Congress on Wednesday that it has concerns about the sale of Warner Bros., arguing that losing a major studio will result in fewer movies, job losses and theater closures. In a letter to the House Judiciary Subcommittee on the Administrative State, Regulatory Reform and Antitrust, the exhibition industry trade group focused much of its attention on the threat that Netflix could pose to their business, noting the streaming service’s skepticism about the cinema business.