Sunday, June 13, 2021

INDEPENDENT THEATERS CRY FOUL AT BIG CHAINS

October 20, 2014 by · Leave a Comment 

Independent theater owners are claiming that the big chains are squeezing them out of business by forcing studios to agree to exclusive agreements, the Wall Street Journal reported today (Monday). The enforcement of "clearance" agreements has been particularly aggressive among the three largest chains, AMC, Regal Entertainment Group and Cinemark Holdings, the Journal reported, noting that they control some 42 percent of all domestic movie screens. The newspaper indicated that the independents have begun fighting back — in the courts. Cobb Theatres, which operates 20 theaters, has sued AMC in federal court, claiming that the chain — the second-largest in the U.S. — is violating antitrust laws by deny it "fair competitive access to films so as to drive them out of business."