Fox invested further in the film industry by founding the Greater New York Film Rental Company as a film distributor. The major film studios responded by forming the Motion Picture Patents Company in 1908 and the General Film Company in 1910, in an effort to create a monopoly on the creation and distribution of motion pictures. Fox refused to sell out to the monopoly, and sued under the Sherman Antitrust Act, eventually receiving a $370,000 settlement, and ending restrictions on the length of films and the prices that could be paid for screenplays.