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Yes it does. Because when they're separate companies they run into free rider problems when they try to coordinate.

This is why if you have one person bargaining with five the one holds a much better bargaining position.



Everyone pours money into the MPAA which lobbies on their behalf. The reason every major studio supports the MPAA rating system is because the $25k/film fees mostly go to lobbying, concealed as a cost of doing business.




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