But at least a couple of scenarios have been taken off the table, for the time being, as the heads of both Warner Bros. and Universal have declared that they have no plans to buy struggling movie theaters.
During the panel, which focused on 2020’s impact on Hollywood, the subject of the studios possibly buying struggling movie theaters came up.
Donna Langley, chairman of Universal Filmed Entertainment Group, and Ann Sarnoff, chair and CEO of Warner Bros., recently participated in a Milken Institute Global Conference virtual panel.
The idea of studios possibly buying movie theaters has been floated in recent months.