The DOJ wants to end a 71-year-old set of antitrust rules in the movie business, and some small theaters worry they’re in danger
|11/19/2019||Posted by BusinessMediaguide.Com under General World News||
- The “Paramount Decrees,” which were enacted in 1948 to stop movie studios from owning movie theaters, could soon cease to exist.
- The Department of Justice is looking to end them within two years, if it gets court approval.
- It’s unlikely that studios will suddenly want to take over theater chains, especially with their focus on streaming.
- But some independently owned theater chains are concerned that shady practices from decades ago, which the decrees also prevent, will return if they are ended.
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The Department of Justice is moving forward with a plan to end a rule that read more >>>