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Hollywood Can Own Theaters Again as Court Scraps 1948 Ban

  • Federal judge cited changed industry in lifting restrictrion
  • Shares in AMC, Cinemark and other chains soared on the ruling
Cinemark movie theater
Photographer: Christopher Lee/Bloomberg
Updated on

A ban on movie studios owning theaters that dates back to Hollywood’s Golden Age was scrapped by a federal judge who said changes in the industry have rendered the restriction obsolete.

U.S. District Court Judge Analisa Torres in Manhattan on Friday terminated the so-called Paramount Decrees of 1948 at the request of the Justice Department’s antitrust division.