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20 Antitrust Bull. 49 (1975)
The Postwar Performance of the Motion-Picture Industry

handle is hein.journals/antibull20 and id is 69 raw text is: THE POSTWAR PERFORMANCE OF THE MOTION-PICTURE INDUSTRY by ROBERT W. CRANDALL* The Justice Department's decision to file a Sherman Act suit against the American Broadcasting Company and the Columbia Broadcasting System for among other offenses, un- reasonably restraining competition in the production and distribution of motion pictures1 raises a number of questions about the performance of the motion-picture industry since the Paramount decision of 1948.2 Has the motion-picture industry become so competitive that the Antitrust Division may feel safe in denying these two network companies the right to enter and compete against the major film companies? If so, what was the source of this renewed competition prior to 1967, given that no new major competitors entered the industry in the 19 years following Justice Douglas' decision?3 * Center for Policy Alternatives, Massachusetts Institute of Technology. AUTHOR's NOTE: The author's initial interest in this subject de- veloped while he was a consultant for the U.S. Department of Justice, Antitrust Division. The analysis contained in this paper was under- taken after the author completed his services for the Antitrust Di- vision, and all opinions and conclusions contained herein are solely those of the author, not of the Antitrust Division. Financial assistance in the form of computer expenses was provided by the Department of Economics, M.I.T. I Civil actions filed in the U.S. District Court, Central District of California, April 14, 1972. These suits were dismissed on pro- cedural grounds in 1974, but were reinstituted by the Justice Depart- ment in 1975. 2 U. S. v. Paramount Pictures, 334 U.S. 131 (1948). * Of the 71 films listed by Variety as grossing $1 million or more in U.S. and Canadian rentals in 1966, only 10 were distributed by firms other than Paramount defendants-Buena Vista (Walt Disney), American International, and Embassy (Variety, January 4, 1967).

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