Movie theater group Cineworld may find that it pulls in possible buyers for its business, rather than movie-goers, thanks to the lifting of a 70-year US law that prevented the major studios from owning their own screens.
The UK-owned company, which is the world’s second-largest movie theater chain and owns over 500 sites in the US, saw its shares rocket up by nearly 50% last week on the London Stock Exchange after a federal judge said earlier this month the US Department of Justice can overturn the so-called “Paramount Decree.”