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NBCU’s Donna Langley On Impact Of Possible Sony-Paramount Merger: “There Will Be Further Consolidation…It’s Sad” – Cannes

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As fears stack up in the industry over a possible Sony and Paramount merger, subtracting one major motion picture studio from the industry, The Chairman of NBCU Studio Group and Chief Content Officer Donna Langley at a Cannes Kering talk weighed in on what that impact will be. “Consolidation is inevitable.

It will happen, I’m not suggesting Paramount. There will be further consolidation. I think It’s sad,” said Langley, “I’ve a big believer in a competitive landscape; all boats will rise.

I Iike having healthy competitors, it’s much more fun and interesting, it’s better for the business.” “I’m hoping by the end of the year, we’ll know where it settles, it’s enough reading about this one or that one,” said Langley referring to Skydance and Sony/Apollo’s push and pull for Paramount.

Langley spoke about how the theatrical landscape has changed post Covid, a trend that’s being experienced throughout the media landscape. “These are trends that were really put in motion before the pandemic,” said Langley with Covid accelerating the shift of consumer behavior.

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