How it came to an end Flashcards
What is included in this paragraph?
How it came to an end, Paramount v US, TV, the Depression
What were some factors that contributed to the downfall of the Hollywood Golden Era?
The Great Depression, the introduction of television, and Paramount v US.
What year did the depression catch up with the Hollywood film industry?
Around 1931
What happened because of this?
Paramount, 20th Century Fox, and RKO all experienced financial collapse. MGM thrived, Warner Bros survived by selling 1/4 of their assets
By 1933…
Movie attendance and industry revenues had fallen by forty percent
With the introduction of television…
People were able to enjoy fresh entertainment and news from their homes, so the interest in attending theatres decreased.
Why did the government intervene to stop the big 5?
They feared that the studios could operate uncontested
What did the supreme court decide?
That movie studios had violated antitrust laws.
When did the US Department of Justice begin taking legal action against the big 5 (US vs Paramount)?
In July 1938
What did they do in the span of 10 years?
Deemed a list of business practices unlawful, giving us the Paramount Decrees
What did the decrees demand?
That the major studios sell their theatre holdings, and they lost ultimate control over distribution
