Film studios may soon be able to buy theaters if rules change
A 70-year-old antitrust settlement currently bars Hollywood studios from owning theaters.
The U.S. Justice Department will ask a court to terminate a 70-year-old antitrust settlement that barred Hollywood studios from owning theaters or trying to force movie houses from playing films they didn’t want.
The agreements, known as the Paramount Pictures consent decrees, no longer serve the public interest, Makan Delrahim, the head of the department’s antitrust division, said in a speech in Washington Monday.
The U.S. Justice Department will ask a court to terminate a 70-year-old antitrust settlement that barred Hollywood studios from owning theaters or trying to force movie houses from playing films they didn’t want.
The agreements, known as the Paramount Pictures c...