The Trump Justice Department announced at the end of 2019 that it will seek to end the landmark Paramount Consent Decrees. These decrees arose from concerns in the 1940s that a group of entertainment companies wielded outsized power over the film business. They limited the largest Hollywood production studios’ ability to own movie theater chains, control ticket prices, and fill theater screens with their own content to the exclusion of independent films.
We are already seeing the effects of the Justice Department’s hasty approval of the Disney-Fox merger. This massive corporation has used its increased market share to aggressively pursue its franchise strategy while reducing the number of films it produces, creating an artificial scarcity that reportedly now extends to classic Fox movies like “Alien” which have been withdrawn from some independent movie theaters.
The newest streaming services from traditional content companies — Disney+, HBO Max and Peacock— are all the product of companies permitted by regulators to consolidate horizontally, vertically, or both.
The days when creators could sit on the political sidelines and hope that good policy and respect for fair play would result in a thriving middle class are long gone. It is crucial we fight to elect representatives who will fight for us.Nashville.” She recently directed the Lifetime movie “Patsy & Loretta.”
Source: News Formal (newsformal.com)
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