Theaters Have Many Problems, but the Consent Decrees Weren’t One

Theaters Have Many Problems, but the Consent Decrees Weren’t One
The Paramount Consent Decrees died today at the age of 61. Cause: Terminal irrelevance. Please do not send flowers. In memoriam, the National Association of Theater Owners stated: “The Paramount Decrees were a remedy fashioned for extreme, anti-competitive behavior in the movie industry. We agree with the Court that anti-competitive behavior remains anti-competitive under existing antitrust law. This decision simply shifts the mechanism for enforcement into regular, existing channels.”

Exhibition now operates like every other industry under the law, including rules governing anti-trust, monopolistic, and unfair business practice behavior. The ruling by U.S. District Judge Analisa Torres means the elevated rules governing studios no longer apply.

Here’s what this means:

It eases the barrier to studios operating theaters

The 1949 decree made it illegal for a theater owner to produce and distribute movies. For about two decades, five studios — MGM, Rko, Paramount, 20th Century Fox, and Warner Bros. — were considered
See full article at Indiewire »

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