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Sony Pictures Buys Alamo Drafthouse
(variety.com)
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this post was submitted on 12 Jun 2024
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Hey what the fuck? Is the FTC not going to step in on this? This is a movie producer acquiring a movie theater chain, literally a monopolization of the market. Are we going to let Disney buy AMC next?
Time is a flat circle
I understood that reference!! Clint is the man!! As is Ian and Rae!!
That’s not what monopoly means? The merger should absolutely be scrutinized for the potential anti-competitive ramifications, but vertical integration isn’t immediately not allowed.
Typically true, but this situation used to be an exception.
https://www.fool.com/investing/2022/01/29/why-movie-theaters-could-be-the-next-big-acquisiti/#:~:text=In%201948%2C%20the%20Supreme%20Court,theaters%20due%20to%20antitrust%20laws.
Might not be the best source but there are tons to choose from. Basically, for 70+ years studios could not own theaters. Now they can.
Wait wtf. What was the reasoning for removing that restriction!?!?
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Huh, neat! Had no idea. Seems like an odd exception.
It's interesting how we allow many industries who produce products sell directly to consumers and in others we don't. In any event there's a long history of studios operating theatres, Warner Brothers did it in the 30's.
Im pretty sure those restrictions were loosened during the pandemic if im not mistaken
Yeah surprised this is allowed.
I think it should be allowed actually—but the fact that it is settled case law is surprising. Maybe because they are Japanese?
It wasn’t allowed until 2020.
I don’t think it should be allowed. Look at what happened to TV when the studios started owning all the TV channels and streaming outlets.