FIST 220 Lecture Notes - Lecture 10: Joseph Burstyn, Androgyny, French New Wave
Document Summary
Net working capital of american corporations is at a new high of billion. 1948 supreme court decision united states vs. paramount picture, inc. Outlaws block booking and forces the studios to sell their theatre chains. Attorney general thomas clark: studios divestment of their theatre chains is the only way to effectively pry open to competition the channels of trade in the industry . Supreme court deliberates for three months before declaring, in a 7-1 opinion in may 1948, that the hollywood system was a conspiracy. Justice william o. douglas: it is clear, so far as the five major studios are concerned, that the aim of the conspiracy was exclusionary, i. e. , that it was designed to strengthen their hold on the exhibition field . Effect on studio smaller studios did ok but the big five struggled to survive. Rko falls apart under the mismanagement of howard hughes in 1959.
