Cinemark Holdings Inc. (NYSE:CNK) saw a significant drop of 19.8% in share price last week amid concerns over Netflix Inc.’s acquisition of Warner Bros Discovery Inc. (WBD) for $82.7 billion. This deal raised fears of reduced profit margins for cinema companies like CNK, IMAX, AMC Theatres, and The Marcus Corporation.

Netflix’s acquisition of WBD includes control of its content libraries, potentially impacting cinema companies’ profitability. Netflix’s co-CEO Ted Sarandos’ announcement that WBD movies will still have theatrical releases but with evolving “windows” has sparked concern. CNK’s third-quarter earnings also disappointed, with a 73.6% decrease in net income and a 7% drop in total revenues year-on-year.

Read more at Yahoo Finance: Cinemark (CNK) Crashes 20% on as Netflix Exec Hints at Streaming Shakeup After Warner Bros Merger