Retail Industry
Industry: Email Alert RSS FeedMovielink free to plan future growth; feds: No antitrust woes.
Video Business, June, 2004 by Sweeting, Paul
WASHINGTON -- With the Justice Department lifting a major legal cloud from its future, online movie download service Movielink is looking to expand its distribution reach in anticipation of a growing market for portable video. Last week, the Antitrust Division of the Department of Justice closed its nearly three-year investigation of Movielink and its five studio partners without taking any action.
"The evidence did not support a finding that Movielink had adversely affected competition through increased prices or decreased output," the department said in a statement. It added, "The division will continue to monitor licensing and other activities of the studios and Movielink in this evolving industry." Movielink CEO Jim Ramo hailed the...
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