What is block booking and is it legal today?
What will be an ideal response?
Block booking is illegal today as the Supreme Court declared the practice illegal. Studios forced rental agencies (theatre owners) to pay for a group of films (a block) thus giving the studio a guarantee of a financial return on any film. The theatre owner was required to rent a block of films in order for the studio to agree to distribute the one "A" film that audiences wanted to see. Studios sold their films in packages on an all-or-nothing basis. This made it extremely difficult for independent producers of films to get their movies into theatres.
You might also like to view...
What is the policy function performed by bodies such as the FASB and the SEC? List and discuss the three sources of inputs to the policy-making function.
What will be an ideal response?
Richard, an employee in an investment firm, was dissatisfied with the way his superiors handled business dealings. For that reason, he quit his job and started his own business so that he is able to make all management decisions without interference from anyone. Which advantage of entrepreneurship is highlighted in the given scenario?
A. Greater financial success B. Independence C. Uniformity D. Greater challenge
The practice of following precedents in deciding later cases is known as
a. stare decisis. b. equity. c. statute law. d. moral law.
Tax treaties typically result in reduced withholding tax rates between the two signatory countries
Indicate whether the statement is true or false.