The Department of Justice will discard 70-year-old rules that prevented movie studios from owning movie theaters, Justice Department antitrust chief Makan Delrahim said Monday at a conference on antitrust policy. Delrahim’s announcement, which would alter what is known as the Paramount consent decrees, signals how much the rise of streaming has shaken up the entertainment industry. The rules...
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Where Social Media’s GameStop Surge Could Lead: The Information’s Tech Briefing
There’s no doubt the current stock market hysteria over GameStop and the like will come to a bloody end. The real question is whether the craziness, fueled by social media sites like Reddit and Discord and stock trading app Robinhood, leads those companies to clamp down on stock debate or trading. Media post-mortems are sure to blame those companies—which reportedly also include...
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