Industrial economics, Hollywood case study

Since the 1920s, Hollywood dominates world cinema: the big Californian studios have developed a powerful industry whose ideological and economic efficiency has not really weakened. Indeed, the Hollywood industry is and has always been dominated by five or six big U.S. corporations. This hegemony is reflected by the control they used to exercise over the production and distribution, and their ownership on most of worldwide screens. During the 1950s, Hollywood entered a difficult period: From the economic perspective, the studios were forced by the U.S. government to split off from their cinema and they were fighting against a new competitor: the television.