The U.S. Justice Department said on Monday it would ask a court to scrap decades...
WASHINGTON - The U.S. Justice Department said on Monday it would ask a court to scrap decades-old ‘Paramount’ consent decrees enacted to protect movie theaters from powerful studios.
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. “The sunset period will allow the defendants and movie theaters a period of transition to adjust to any licensing proposals that seek to change the theater-by-theater and film-by-film licensing structure currently mandated by the decrees,” Delrahim said in a speech to the American Bar Association’s fall antitrust gathering.
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