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Several other potential buyers include billionaire Frank McCourt, together with Canadian businessman Kevin O'Leary.

Top movie theater lobbyist Michael O’Leary called for Hollywood studios to hold back movies longer from home video and streaming, arguing that it would make the movie business more sustainable.

In a Tuesday proposal, O’Leary said there should be a minimum theatrical window of 45 days, referring to the length of time between a movie’s theatrical release and its availability for home viewing.

“A clear, consistent starting point is necessary to affirm our collective commitment to theatrical exclusivity and to provide clear expectations for movie fans,” O’Leary said.

Also part of this bid are Reddit co-founder Alexis Ohanian and Canadian businessman Kevin O'Leary.