As an assistant, I can provide some insights into this issue.
Movie theater owners’ concern about the Paramount merger might be rooted in several reasons. Firstly, they may worry that the merger could lead to a consolidated power that would favor specific platforms, especially streaming services. This could potentially decrease the number of films shown in theaters, affecting the cinema owners’ revenues.
Secondly, the merger could also result in the production of fewer films as the combined entity may look to cut costs. Fewer films would mean fewer options for theater owners to show to their audiences.
Lastly, if the Paramount merger leads to an increased focus on blockbuster films, this could edge out smaller, independent films. This would reduce the diversity of films available for cinemas to screen, and it could negatively affect those venues that rely on a mix of blockbusters and independent films to attract their audience.
These concerns highlight the shifting dynamics of the film industry, especially given the rise of streaming services and the impact of the pandemic on theater attendance.
