Only The Walt Disney Company - which owns the Walt Disney Studios - is fully based in Southern California. The major film studios of Hollywood including Metro-Goldwyn-Mayer, 20th Century Fox, and Paramount Pictures are the primary source of the most commercially successful movies in the world, such as The Sound of Music (1965), Star Wars (1977), Titanic (1997), and Avatar (2009).Īmerican film studios today collectively generate several hundred films every year, making the United States one of the most prolific producers of films in the world. However, four of the six major film studios are owned by East Coast companies. film industry with established film study facilities such as the American Film Institute, LA Film School and NYFA being established in the area. Hollywood is the primary nexus of the U.S. The United States cinema (Hollywood) is the oldest film industry in the world and also the largest film industry in terms of revenue. The cinema of the United States, often generally referred to as Hollywood, has had a profound effect on cinema across the world since the early 20th century. As of 2021, Chinese cinema has the highest annual ticket sales with 1,156 million tickets sold. Indian cinema is the largest national film industry in terms of the number of films produced, with 2,446 feature films produced annually as of 2019. Hollywood is the world's oldest national film industry, and largest in terms of box office gross revenue. When including box office and home entertainment revenue, the global film industry was worth $136 billion in 2018. In 2019, the global box office was worth $42.2 billion. Though the expense involved in making films almost immediately led film production to concentrate under the auspices of standing production companies, advances in affordable filmmaking equipment, as well as an expansion of opportunities to acquire investment capital from outside the film industry itself, have allowed independent film production to evolve. The film industry or motion picture industry comprises the technological and commercial institutions of filmmaking, i.e., film production companies, film studios, cinematography, animation, film production, screenwriting, pre-production, post production, film festivals, distribution, and actors.

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