Asked by Michael-Chase Strollo on Jun 05, 2024
Verified
Describe the impact of the Paramount decision.
Paramount Decision
A landmark 1948 antitrust case (United States v. Paramount Pictures, Inc.) ruling that movie studios could not own movie theaters and engage in certain anti-competitive practices.
- Understand the implications of the Paramount decision on the film industry.
Verified Answer
VC
vinay chhabraJun 07, 2024
Final Answer :
Hollywood's "Big Five" studios were forced to separate from their exhibition venues and cease block booking, essentially ending vertical integration.This quickly endangered the profit margins of the studios and ended the contract system of labor, creating a power vacuum that led to the rise of the talent agent.
Learning Objectives
- Understand the implications of the Paramount decision on the film industry.
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