The U.S. Justice Department said it would ask a court to scrap decades-old ‘Paramount’ consent decrees enacted to protect movie theaters from powerful studios.
Makan Delrahim, head of the Justice Department’s Antitrust Division, said the Justice Department would file this week to ask a federal court in the Southern District of New York to terminate the decrees, which have no expiration date.
The agreements regulating relations between movie studios and theaters, which the industry calls the ‘Paramount’ consent decrees, were reached in the late 1940s and early 1950s, when movie theaters had just one screen, televisions were not universal and online streaming was decades into the future.
Read the source article at reuters.com
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