Assistant Attorney General Delrahim commented last night that the Department of Justice's Antitrust Division was moving forward to terminate the Paramount Consent Decrees that have been in place since 1948. In a nutshell, the Paramount Consent Decrees essentially ended an era when major movie studios not only controlled film making and had locks on the stars/talent, but also owned the movie theaters themselves, B. Riley FBR analyst Eric Wold tells investors in a research note. The analyst points out that AMC Entertainment (AMC), Imax (IMAX) and Cinemark Holdings (CNK) traded higher in after-hours last night. Although Wold does not anticipate that acquiring a theater circuit would be on the top of the strategy road maps for the major film studios, he believes Imax is the most likely acquisition candidate, regardless of the expected termination of the Paramount Consent Decrees. Given the company's agnostic position with the various major studios and exhibition chains, the most likely buyer would be private equity, as opposed to any studio or theater chain, the analyst contends.