The Department of Justice is working to rescind the Paramount consent decrees. And this could change EVERYTHING.
Maybe you remember this from a film history class, but in 1948 there was a landmark case United States v. Paramount Pictures Inc., that stopped movie studios to force theatrical chains into “block booking.”
The case made its way to the U.S. Supreme Court, and they ruled against the practice and other “block” practices that favored film studios. The leading the plaintiff Paramount Pictures. Over the next few years and into the 1950s “block booking” was canceled all over Hollywood.
It was an antitrust case that changed the Hollywood landscape forever. We’ll get into why shortly.
Now the Department of Justice is looking to end those laws.
According to the New York Times, 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.
So… what does that mean for creatives, audiences, and theaters? It could mean a lot of things…
Source: No Film School