Filing Made To End Paramount Consent Decrees

Filing Made To End Paramount Consent Decrees

The U.S. Justice Department officially filed a motion in federal court on Friday to terminate the Paramount consent decrees which have governed the theatrical business for 70 years.

The filing comes just days after the head of the department’s antitrust division, Makan Delrahim, announced plans to take action to end the decrees which he argues no longer meet consumer interests.

The rules required studios to divest themselves of their theatrical arms, and prohibited certain anti-competitive practices in the distribution business.

The Justice Department is also seeking to phase out the bans on block booking and circuit dealing though will provide a two-year ‘sunset’ clause out of deference to concerns from exhibitors.

Source: Variety