Joe Roth wants studios to own theaters, too
'Alice in Wonderland' producer urges challenge to 1948 consent decree
One of the cornerstones of modern film business, the 1948 Supreme Court case that prevented movie studios from owning theaters, should be junked to allow Hollywood to move into the digital age, said producer and studio executive Joe Roth on Monday.
Speaking at the kickoff to the Variety Entertainment and Technology Summit, which coincided with the first day of the Digital Hollywood conference in Santa Monica, Roth lobbied for a challenge to the so-called "consent decree," Hollywood's response to a ruling that Paramount Pictures was in violation of antitrust laws by owning the production, distribution and exhibition of films.
"It's 60 years old, and it makes no sense whatsoever,"
said Roth during the keynote interview that opened the summit. When
moderator Steven Gaydos pointed out the unlikelihood of anyone in
Hollywood mounting a serious challenge, Roth said, "Someone has to have
the will to challenge that."
'If 92 percent of the gross of a movie comes in the first four weeks, wouldn't it make sense for [a studio] to put out a movie and say, after four weeks, 'We're moving this to DVD?'" he asked.
Read more in TheWrap.
More to read:
Copyright © 2014 Microsoft. All rights reserved.
Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.
After enjoying a smooth rise in stock prices since May, investors are about to be hit with another bout of volatility.
VIDEO ON MSN MONEY
Top Stocks provides analysis about the most noteworthy stocks in the market each day, combining some of the best content from around the MSN Money site and the rest of the Web.
Contributors include professional investors and journalists affiliated with MSN Money.
Follow us on Twitter @topstocksmsn.