A federal judge has approved the termination of the Paramount consent decrees, the set of 71-year-old antitrust rules that ended the Old Hollywood studio system and barred studios from owning movie theaters.
Not only does the ruling clear the way for movie studios to take ownership of movie theater chains, it also removes (with a two year sunset period) the previous restriction on practices for distribution known as “block booking” and “circuit dealing” that used to be commonplace as far back as the 1940s.
“Because changes in antitrust law and administration have diminished the importance of the Decrees’ restrictions, while still providing protections that will keep the probability of future violations low, the Court finds that termination of the Decrees is in the public interest,” U.S. District judge Analisa Torres wrote in a ruling Friday.
Also Read: How the Studio-Movie Theater Power Dynamic Will Change Without Paramount Decree Antitrust...
Not only does the ruling clear the way for movie studios to take ownership of movie theater chains, it also removes (with a two year sunset period) the previous restriction on practices for distribution known as “block booking” and “circuit dealing” that used to be commonplace as far back as the 1940s.
“Because changes in antitrust law and administration have diminished the importance of the Decrees’ restrictions, while still providing protections that will keep the probability of future violations low, the Court finds that termination of the Decrees is in the public interest,” U.S. District judge Analisa Torres wrote in a ruling Friday.
Also Read: How the Studio-Movie Theater Power Dynamic Will Change Without Paramount Decree Antitrust...
- 8/7/2020
- by Brian Welk
- The Wrap
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