Antitrust rules barring studios from owning movie theaters were swept aside Friday after a federal judge approved an effort by the Justice Department to do away with the Paramount Consent Decrees. …
Antitrust rules barring studios from owning movie theaters were swept aside Friday after a federal judge approved an effort by the Justice Department to do away with theThese laws have been in effect since the golden age of movies. They were intended to break up the stranglehold that major studios such as Warner Bros., 20th Century Fox, and Paramount once maintained on the business by preventing them from owning both the means of production and distribution.
On Friday, U.S. District Judge Analisa Torres found “…that termination of the Decrees is in the public interest.”
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