During a surprise appearance at CinemaCon, Paramount Skydance (PSKY) CEO David Ellison announced that as of today, Paramount Pictures will offer a 45-day exclusive window for their movies to play in theaters, Matt Donnelly of Variety report. Ellison also said Paramount will commit to a 3-month period for its movies to be on streaming video-on-demand platforms before titles head to Paramount, Donnelly notes. Publicly traded companies in the movie theatre space include AMC Entertainment (AMC), Cinemark (CNK), Imax (IMAX), Marcus (MCS) and National CineMedia (NCMI).
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PSKY:
- Here’s What Prediction Markets Are Betting Netflix Will Say During Its Q1 Earnings Call Today
- Paramount Skydance Has a Plan for Streaming, Paramount Skydance Stock (NASDAQ:PSKY) Jumps
- Saudi wealth fund reconsiders backing for lossmaking LIV golf tour, FT says
- Moderately bullish activity in Paramount Skydance Corp with shares up 2.57%
- The Theaters Start Resisting Paramount-Warner Deal, Paramount Skydance Stock (NASDAQ:PSKY) Surges
