US Eyes the End of the Film Distribution System That Rules Hollywood

Well, this would be huge!

 

U.S. antitrust officials are considering terminating a 70-year-old Hollywood settlement that governs how films are distributed around the country, potentially upending negotiations among movie studios and major theater chains over blockbuster releases.

The Justice Department said Thursday that the agreements, known as the Paramount Pictures consent decrees, may no longer be effective given that they have been around since the late 1940s. The settlements stem from a 1948 Supreme Court case that dismantled the old Hollywood system in which film studios also owned the theaters where their pictures were shown.

Bloomberg

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