Good news for Disney: Movie studios might soon be able to buy their own theaters
According to Variety, the Department Of Justice is planning to reverse the Paramount consent decrees, a set of “landmark agreements that have barred studios from owning theaters for the last 70 years.” This will also un-ban previously forbidden practices called “block booking” and “circuit dealing,” which involved studios forcing theaters to buy multiple films as a package deal—like, say, Disney saying that a theater can only get Star Wars: The Rise Of Skywalker if all of its other screens are showing Frozen 2, forcing out the competition. This has all been outlawed since the ‘40s, separating the actual movie production companies from the place where movies are shown—the theaters—in an effort to stop major studios from monopolizing the entire distribution chain.