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Jill Goldsmith
Spain
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Jill Goldsmith
Spain
With Exhibition On The Brink, Paramount Decree Topples, A Symbolic Thumb In The Eye
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deadline.com
deadline.comJill Goldsmith, Anthony D'Alessandro A court ruling that dropped today allowing movie studios to buy theaters (whether or not they want to — and they probably don’t) is the latest snub to an industry that’s been rattled by change for years, in particular since March and COVID-19.Exhibition hasn’t been this pressured in a century.
When the 1918 Spanish Flu shuttered theaters, many permanently, studios saw an opportunity and snapped them up, ruling the business until the Paramount Decrees in 1948 broke them up.
More than 70 years later, it’s no surprise the law is toast. The landscape is very different and a handful of Hollywood majors including Disney and new royalty like Netflix and Amazon were exempt from it anyway.
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