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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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Thatโs not what monopoly means? The merger should absolutely be scrutinized for the potential anti-competitive ramifications, but vertical integration isnโt 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.