EU Closes Antitrust Cases Against 6 Studios
The European Union closed antitrust cases against six major Hollywood studios after they agreed to drop clauses in contracts with pay-television operators that the EU charged artificially inflated film prices.
The questionable clause required the best terms offered to one studio be offered to all.
EU Competition Commissioner Mario Monti said the six that “decided to withdraw the clauses in question” were: Buena Vista International, a subsidiary of Walt Disney Co.; Warner Bros., a division of Time Warner Inc.; 20th Century Fox, a division of News Corp.; Sony Corp.’s Sony Pictures; Metro-Goldwyn-Mayer Inc. and DreamWorks.
The 2-year-old investigation remains open against NBC Universal Inc. and Paramount Pictures Corp.
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