U.S. Scrutinizes Conduct of Movie Theaters
AMC, Regal say Justice Department has asked for information in investigation
Regal Entertainment Group and AMC Entertainment Holdings Inc., the nation’s two largest movie theater chains, have received formal inquiries from the Justice Department’s Antitrust Division, signaling growing government scrutiny of a tactic large theater operators commonly use to keep movies out of competing locations.
AMC, which has faced the most backlash in the exhibition industry over the practices, told investors the Justice Department wants information “in connection with an investigation,” according to an AMC notice filed with the Securities and Exchange Commission on Monday, into “potentially anticompetitive conduct” at the company.
Regal made a similar disclosure on Monday.
Read more: http://www.wsj.com/articles/justice-department-investigates-theater-clearance-practices-at-amc-1433171433?mod=trending_now_1