Studios rapidly sold off their theater businesses, and the rise of television allowed them to pivot to a whole new mode of exhibition. The Paramount Pictures antitrust case of 1948 changed the way Hollywood movies were distributed and exhibited Studios were not explicitly banned from owning movie theaters but it did rule that the system was in violation of antitrust laws. It was a thorough, vertically integrated business, and unsurprisingly eventually ran afoul of government antitrust authorities in the 1940s.Ī massively influential antitrust case between the US government and Paramount Pictures reached the Supreme Court in 1948, leading to a landmark decision that entirely dismantled the power structures of the old Hollywood system. Major studios would produce films and then screen that content in theaters they owned. In the first half of the 20th century Hollywood ruled the world of entertainment. But is this the only reason the streaming giant is mounting such an unconventional event? The Hollywood monopoly Netflix’s unusual, and most likely expensive, gambit to screen the film in such a striking way is undeniably a tribute to both the legend of Martin Scorsese and the filmmaker's intimate relationship with the city of New York. “Ted Sarandos, Scott Stuber, and their team at Netflix have continued to find creative ways to make this picture a special event for audiences and I’m thankful for their innovation and commitment.”
“The opportunity to recreate that singular experience at the historic Belasco Theatre is incredibly exciting,” exudes Scorsese in a Netflix press release.
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