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Film studios are companies that develop, finance, produce, and distribute movies.

Beyond a physical lot with sound stages and backlots, a studio is a business that combines art and commerce. Modern studios typically include production facilities (sound stages, set construction workshops, costume departments, and editing suites), a backlot (outdoor sets that mimic streets, towns, or other environments), administrative offices (housing executives, producers, legal teams, marketing, and finance), a distribution arm (ensuring that films reach theaters, streaming platforms, television, and international markets), and talent relationships (contracts with directors, actors, writers, and crew).

Historically and today, the major film studios are the heavyweights, with massive market share, global distribution, and the ability to finance big-budget films. Budgets usually exceed $100 million, with multi-genre slates (blockbusters, family films, and awards contenders) and global marketing campaigns. Major studios will generally own vast IP libraries and franchises. The major film studios today include Warner Bros. Discovery, Walt Disney Studios, Universal Pictures, Paramount Pictures, and Sony Pictures Entertainment.

Mini-majors are mid-tier companies that operate similarly to majors but on a smaller scale. They often produce prestige films, mid-budget hits, or niche blockbusters. The mini-majors operate on smaller budgets, frequently $10-60 million per film, have less global marketing muscle, but may be strong in niche or genre markets, and sometimes partner with majors for distribution. Examples include Lionsgate, MGM, STX Entertainment, and A24, the latter of which straddles the line between indie prestige and broader distribution.

Independent (Indie) studios operate outside the major studio system. While the term "independent" technically refers to financing and distribution independence, it has also become a creative identity. Indies operate on low to moderate budgets, often under $10 million, and are financed by private investors, grants, or crowdfunding. The majors often team up with indies to spread financial risk. Indies are typically more experimental, frequently engaging in niche storytelling.

The 1900s through the 1920s saw the rise of silent films. During this period, the first permanent lots were built. Notable studios during this period included Paramount, Universal, and Warner Bros.

The 1930s through the 1940s are known as the "Golden Age of Hollywood." Vertically integrated studio systems dominated, with major studios including MGM, 20th Century Fox, and RKO.

Film studios faced competition from television during the 1950s and 1960s. U.S. antitrust rulings forced a decline in the old studio system. The Paramount consent decree significantly impacted major operations.

The 1970s and 1980s marked the "New Hollywood" era, during which blockbuster films emerged. All major studios adapted to event filmmaking.

The 1990s and 2000s saw a consolidation into media conglomerates and franchise-driven strategies. During this period, Disney acquired Pixar, Marvel, and Lucasfilm.

Beginning in the 2010s, streaming has disrupted theatrical windows, and hybrid models emerged. Netflix and Amazon Studios entered the game.

The majors bring scale, the mini-majors balance risk and artistry, and the indies keep cinema adventurous.

 

 

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