Hollywood: The Feds Faded

Last week the U.S. Justice Department withdrew its objections to MCA's plans to take over both Decca Records and Universal Pictures, a Decca subsidiary. MCA, with its Revue Productions, is already the most successful TV producer in the U.S. Now the company is going to produce feature films, becoming a sort of instant major studio—and perhaps soon the biggest of all.

The Justice Department forced MCA to give up its huge talent agency earlier this year, but that loss is now described by an MCA executive as "a minor distraction." To keep Justice happy, MCA has...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!