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While the studio system legally dissolved in the late 1940s due to antitrust laws (the Paramount Decree), the major studios survived by pivoting. They sold off their theaters and began focusing on bigger, event-style movies. This shift eventually birthed the modern blockbuster era, heralded by the success of films like Jaws and Star Wars in the 1970s. These productions proved that a single massive hit could subsidize a studio’s entire yearly slate, a philosophy that drives decision-making to this day.

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The industry also encompasses massive broadcast and music networks. (NBCUniversal) and Paramount Global (CBS) lead in television production, while the "Big Three" record labels— Universal Music Group , Sony Music , and Warner Music Group —control the majority of the world's commercial music production and distribution. AI responses may include mistakes. Learn more While the studio system legally dissolved in the