Donna Langley Discusses Paramount Sale and Future of Movie Industry at Cannes

The Universal chairman addresses industry consolidation, the impact of streaming, and the ongoing evolution of the theatrical market.

Langley believes industry consolidation is inevitable and prefers a competitive landscape for better business.
She hopes for a resolution to the Paramount sale by the end of the year, amid interest from Skydance and Sony.
The global box office has declined by over 20% from pre-COVID levels, with fewer movies being released.
Langley highlights the success of 'Oppenheimer' as proof that quality films can still draw large audiences.
Universal is exploring new directions for the 'Fast and Furious' franchise, including potential spinoffs.