There’s good news if you love movies—and having choices about them. New Securities and Exchange Commission filings by cinema giants AMC and Regal confirm earlier reports that the government is investigating potential anti-competitive activity on the part of America’s biggest movie theater chains. The filings disclose the Department of Justice is looking into whether those companies used joint ventures and exclusivity agreements with movie studios in violation of antitrust laws. Operators of small independent cinemas say exclusivity agreements, called “clearances,” are a problem because they allow big chains to prevent competitors from playing popular new movies. That’s bad for consumers who want more theater options close to home—or prefer indie theaters, which sometimes offer special ticket discounts or features like food and drink service. Tom Stephenson, CEO of a local Dallas multiplex, told the Dallas Morning News he has been cooperating with federal investigators.
Big Chain Movie Theaters Under Investigation By The Feds
Susie Poppick, Time: Entertainment
Tue, 06/02/2015 - 9:28am
Topics: new securities exchange commission america s operators that s tom stephenson ceo dallas morning news the justice department regal entertainment group cinemark holdings&mdash u.s general cinema where both amc regal s one regal entertainment chief executive amy miles ironically supreme court amc regal department justice dallas movie theaters big chain studios beneficial clearances chains competitors good choices easier filing laws biggest theatre filings consumers companies small agreements exclusivity told federal independent cinemas antitrust state
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