In the hours after the Justice Department announced that it would move to terminate the Paramount consent decrees, the stock price in AMC, Cinemark and IMAX all popped in after-hours trading. But e…
, the stock price in AMC, Cinemark and IMAX all popped in after-hours trading.
Since then, the Justice Department has had in place a set of restrictions on the way that studio distributors do business with exhibitors, including such things as “circuit dealing,” in which a single license covers all theaters in a circuit, or granting exclusive rights to a movie in a geographic area.
Supporters say that such bundling could help riskier fare — for example, a “prestige” picture could be paired with a surer bet, like a big budget tentpole. But NATO is wary. The Writers Guild of America West also warned the DOJ that without the decrees, “vertically integrated studios will advantage their own films by putting them on more screens for longer, thereby foreclosing movie-going customers to competing producers and narrowing consumer choice.”Makan Delrahim
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