The United States versus Paramount Pictures, Inc. Essay

The United States v. Paramount Pictures, Inc. (1947) case deals with monopolies and antitrust laws. I chose the trusts/monopolies topic due to my interest in finance and economics. Since elementary school, I have been fascinated by John D. Rockefeller’s story about his oil monopoly. This history has caused me to be interested in monopolies and trusts. I began enjoy reading about the elite who obtained their wealth illegally. After reading and watching The Great Gatsby and watching the movie Catch Me If You Can, I have been fascinated with counterfeit wealth and how people may have gotten away with breaking the law. My favorite thing about APUSH is learning how the economy has changed over time and how that has affected the lifestyle of the†¦show more content†¦These â€Å"Big Five† created an alliance of theater chains that monopolies on the profits of movies’ first-run and absolutely crushed other independent production countries. The Paramount case wen t into Federal Court in New York in 1940. The was a consent decree; the compromise allowed the Big Five to retain their chains in exchange for restriction on block-booking(selling multiple movies to a theater as a unit). This also outlawed blind bidding, so all films were required to be shown to the buyers before selling them (SIMPP, 2002). The independent exhibitors were unhappy with this decision, because it still gives a tremendous amount of power to the Big Five. Companies like Universal and Columbia didn’t own theaters and relied heavily on block-booking. The independent producers created the Society of Independent Motion Picture Producers (SIMPP). The case turned around when SIMPP was created (SIMPP, 2002). There was an opposition to the Big Five, but the problem was the independent producers weren’t united. The Consent of Decree of 1940 expired and the Justice Department began the â€Å"New York Equity Suit† (SIMPP, 2002). This case now involved the original Big Five producing companies and three smaller companies who were unhappy with the ruling of the consent of decree such as Universal and Columbia. These three companies were known as the â€Å"Little Three† SIMPP spent $10,000 to unsuccessfully file an amicus curiae brief. They didn’t have enough time for the approvalShow MoreRelatedThe Studio System Essay14396 Words   |  58 Pagesbiggest industries in the United States, indeed the World, the internal workings of the dream factory that is Hollywood is little understood outside the business. The Hollywood Studio System: A History is the first book to describe and analyse the complete development, classic operation, and reinvention of the global corporate entities which produce and distribute most of the films we watch. 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