Word: antitrusters
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Dates: during 1940-1949
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Hollywood's major moviemakers finally got shoved through the antitrust grinder-but they came out whole. Last week, eight years after the Department of Justice filed suit, a special Manhattan Federal Court denied a Government demand that the big producers be divested of their theater holdings* in order to end monopolistic practices in the distribution of films...
...court's opinion, the defendants have clearly been violating the Sherman Antitrust Act through a complex system of fixed admission prices, block-booking, pooling arrangements, and franchises. In general, said the court, these practices would have to go; in particular, block-booking would have to give way to the auction setup in which any exhibitor could freely bid for any new films. Moreover, the exhibitor would not have to buy in blocks-i.e., take three bad films to get one good one. But the court felt that forcing the producers to sell their theaters was too drastic...
...promptly boomed: "The meeting will come to order!" A.P. members, now sitting in carefully prearranged rump session, winked at each other. The unpurified Colonel then put forward a resolution that the A.P. itself did not want to endorse officially: urging Congress to put press associations beyond the reach of antitrust laws...
...famed Swedish match king, shot himself in a Paris apartment 14 years ago, but the evil that he did lived after him.* Not until this week were the effects of his slick cartel-making wiped out in the U.S. The end came in a consent decree in the Government antitrust suit against Kreuger's old Swedish Match Co. and six companies dominated by secretive U.S. Match King William Armstrong Fairburn. A Federal court in Manhattan ordered a stop to such cartel practices as: ¶ Dividing the world into noncompetitive markets. ¶ Restricting production. ¶ Fixing prices on matches, match...
...major Hollywood studios will now be wide open to a swarm of new and costly damage actions, just when they cannot afford more trouble. Soon a special court will rule on the Federal Government's antitrust suit to divorce theater operation from production and distribution...