They do not have full rights to dictate how that film is distributed. This was Sussex out in the early 20th century, when Hollywood studios dictated which theaters could purchase rights to show their films.
Studios have to, by law, distribute their films to any theater willing to purchase the right to display their films. And they can't price it differently depending on which theater chain is purchasing the right to display.
For more on the fight between Hollywood and theaters, read 'The Master Switch.' I'm mobile or I'd link.
Why the same provision isn't extended to digital streaming yet........
Studios have to, by law, distribute their films to any theater willing to purchase the right to display their films. And they can't price it differently depending on which theater chain is purchasing the right to display.
For more on the fight between Hollywood and theaters, read 'The Master Switch.' I'm mobile or I'd link.
Why the same provision isn't extended to digital streaming yet........