Cinema United, the trade org for exhibition, has made public its remarks about the pending Netflix–Warner Bros merger to the Senate antitrust subcommittee, saying, “If Netflix succeeds in acquiring Warner Bros., the results will be economically and culturally catastrophic: fewer theatres, shorter windows, less revenue, fewer jobs across the national and global entertainment industry, and […]
  • TheImpressiveX@piefed.socialOPMEnglish
    9·
    1 month ago

    Unfortunately, that law was overturned.

    As part of a 2019 review of its ongoing decrees, the Department of Justice issued a two-year sunsetting notice for the Paramount Decree in August 2020, believing the antitrust restriction was no longer necessary as the old model could never be recreated in contemporary settings.