August 7, 2020
A federal judge addressed the possibility that a major studio will merge with a major theatrical chain.
No, you’re not back in your freshman year film studies class, and it’s not the 1940s… this is happening right now.
Wait, so what’s going on? Well, in short, Paramount Consent Decrees are officially over. On Friday, a New York federal judge granted a motion by the U.S. Department of Justice to terminate the movie industry’s long-lasting licensing rules.
What are the Paramount Decrees?
Back in the earlier days of Hollywood, movie studios controlled the making of and distribution of movies. That meant, they could own their own theaters and only show their movies as many times as they wanted.
Studios controlled the production, distribution, and exhibition of the film by the same company, and because of this, they received all of the profit.
This led to a major antitrust lawsuit from the United States government. The resulting decisions were called The Paramount Consent Decrees.