What are known as the “Paramount Consent Decrees” have governed the manner in which film studios have distributed films to movie theaters for 70 years. But that might change as part of a further deregulatory effort by the current administration. Indeed, the Department of Justice reportedly is reviewing the decrees.
The Paramount Consent Decrees emerged from a significant antitrust cased brought by the DOJ against Paramount Pictures, Warner Brothers, MGM, RKO Pictures, 20th Century Fox, and some other film studios. When the DOJ pursued this case in the 1940s, the film studios controlled many aspects of filmmaking. This included not only film production itself, but also long-term contracts with actors and the owning of movie theaters. The DOJ argued at the time that this made it extremely difficult for independent companies to compete. Continue reading “DOJ Reviewing Paramount Consent Decrees”