Disney doesn’t need to buy a theatre anyway – it already owns the box office. Other media and tech giants should take that as a warning to step up their streaming game. — AFP
The latest buzz in Hollywood is that the US Justice Department wants to abolish an outdated rule known as the Paramount consent decree, which would allow studio giants to own movie theatres – something that hasn’t been permitted since the 1940s. My first thought was that it's a bit of a nothingburger.
Studios like Warner Bros and Universal probably aren’t eager to scoop up debt-laden cinema operators when their top priority is investing in streaming-TV content and services. And while mom-and-pop theatres may fear the change will breed anti-competitive behaviour, that’s not as big of a concern for the big multiplex chains, nor does it signal an end to antitrust oversight.
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