|Title of host publication||The SAGE Encyclopedia of Economics and Society|
|Editors||Frederick F. Wherry, Juliet B. Schor|
|Publication status||Published - Feb 2016|
The movie industry is one of the largest sectors in entertainment in the world, with global box office revenues for films reaching $36.4 billion in 2014. Movie studios are integral parts of the film industry, although their role, function and activities have changed since the Golden Age of Hollywood. While Los Angeles has remained a global centre for the film industry, the landscape for film production and distribution is changing moving from the vertically integrated studios of Hollywood’s past to the diversified studio involved more heavily in the distribution and promotion of film products. Many studios have had to adapt to the changing landscape of film production with the onset of digital technologies and new business strategies. Increasingly the creation of films involves outsourcing of production and post-production companies involving studio bases and other companies around the world.
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