DOJ Calls 'Cut!' On Film Studio Restraints
Michael Friedman was quoted in the Law360 article, “ DOJ Calls 'Cut!' On Film Studio Restraints.” He commented on the film industry's current landscape and how the studios are prioritizing the use of funds for the creation of streaming platforms rather than ownership of movie theaters, meaning that the restrictions contained in the longstanding Paramount Consent Decrees on theater ownership may not have much practical impact at this point. He said, “Whether any of them would want to expend precious capital on a theatrical movie chain is questionable. They're all putting money into streaming networks.” Friedman also address past film industry practices like block-booking and anti-competitive conduct by studios. Like and share on LinkedIn here.