The largest publicly traded cinema chains rose Tuesday after the U.S. Justice Department said it will ask a court to terminate a 70-year-old antitrust settlement that barred Hollywood studios from owning theaters or trying to force movie houses to play films they didn’t want.
The agreements, known as the Paramount Pictures consent decrees, no longer serve the public interest, Makan Delrahim, the head of the department’s antitrust division, said in a speech in Washington Monday.
