Investigation of concentration of economic power; monograph no. 1[-43] (1940)

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10 CONCENTRATION OF ECONOMIC POWER owned by the different companies, and about 200 are owned jointly by two of the major companies.^* Table 2.— Number of theaters operated by each of the major companies, 1940 ■ ' The table does not include the 200 or more theaters in which some of these companies have a joint interest. Source: United States v. Paramount Pictures, Inc., ef al., civil action No. 87-273, in the District Court of the United States for the Southern District of New York, amended and supplemental complaint, Nov. 14, 1940. '8 "Each of the producer-exhibitors * • * is jointly interested financially in one or more theaters with one or more of the other producer-exhibitors • * * through profit sharing arrangements with respect to particular theaters; through so-called pools where several theaters owned or controlled by two or more are operated as a unit; through direct or indirect ownership of stock in a single theater operating corporation by two or more of such defendants; or through arrangements where one owns or leases a theater and the other manages it. * * * There are about 200 theaters in the United States in which such joint interests are held, including a substantial number of metropolitan first-run theaters. In addition * • • there are numerous other joint theater interests where executive employees, or managing agents of one producer- exhibitor • ♦ * have direct or indirect stock interests in a "theater operating corporation in which another producer-exhibitor * * * also owns a direct or indirect stock interest." (Ibid.)