There are over 300 film production studios in Hollywood. Some are self-contained entities, while others are divisions of larger corporations. Universal and Sony, for example, own Focus Features and Screen Gems. United Artists was an independent film distribution company that later became a production company. In recent years, several specialty units have been sold off. Here's a rundown of the most important. Each has their own distinct characteristics.
Lionsgate is one of the United States' largest mini-major film production companies. It was founded in 1962 and has a long history of innovative films and talented writers. Since its inception in 1962, it has produced over 17,000 films and has the potential to become a major film studio. Summit Entertainment, one of its subsidiaries, has a subsidiary called Super Ltd., which was established to handle experimental work.
While some are "old" and no longer exist, the top film studios in 2020 will face unprecedented challenges. The spread of COVID-19 caused consumers to stay at home, accelerating the video streaming trend. As a result, in the two years following the outbreak, the number of feature films released in the United States and Canada fell by more than 60%. That figure is expected to rise by 8% by 2021.
DreamWorks Pictures is another example of an animated film studio. The Shrek franchise is one of the company's highest-grossing films. However, this is far from the only type of films produced by DreamWorks. DreamWorks is arguably the best option for classic films, and it has never been underappreciated. The Shrek franchise is a strong contender for a timeless film.
Today, Sony Pictures is the world's largest film production company. However, the company's name does not imply that it is the most well-known. It's a well-known name in Hollywood because it makes excellent films. And Steven Spielberg, whose films have received widespread acclaim, has contributed to the company's success. The company has transformed many industries, and two of its films have charted in the top 50 worldwide.
Paramount, Disney, Warner Bros., and Universal are the Big Five. The latter two both have their headquarters in the same city. The other three are spread out, but they are all within 15 miles of one another. The Walt Disney Studios is the only one within city limits, while Sony is in Universal City's unincorporated area. These studios all have a similar history, but there are some differences. The most expensive studio is frequently the largest.
Dimension Films, a company owned by Disney, produces sequels to older Miramax films. Miramax is also owned by Disney. Disney has been acquiring smaller studios and independent production companies in recent years. This bodes well for Hollywood's future. Meanwhile, independent production companies will remain the best place to find new talent. All of these businesses will continue to expand, ensuring that the film industry in Hollywood remains vibrant and thriving.
STX Entertainment is one of the fastest growing independent film studios. With a $400 million capitalization, this company aims to produce high-quality films for the entertainment industry. Its films feature well-known actors and meaningful plot lines. It was the fastest to reach the $100 million mark in 2016. It will expand in the future, producing films that will appeal to both audiences and investors. With all of these advantages, it's easy to see why STX Entertainment is such a successful business.
Universal Pictures is a film production company based in the United States that is owned by NBCUniversal and Comcast. It was founded in 1912 and has produced numerous blockbusters such as Jaws, E.T., and Jurassic Park. Universal Animation Studios is a division that creates animated feature films and animated television series. Despite being the world's fifth largest film studio, Universal is the most prolific. MGM, in addition to producing films, also distributes cartoons and television shows.
During the early 1970s, Hollywood underwent significant transformation. Following the Golden Age, major studios began to routinely release new films in hundreds of theaters. However, the disastrously-priced hit Heaven's Gate shook the classic set of majors in the early 1980s. Kerkorian purchased MGM and United Artists, and the combined studio declined. However, it was not the only major studio to reduce its release schedule.
The "Big Six" studios are also referred to as the "Big Six." From 1984 to 2013, the company was owned by the New Corporation, which was later split into News Corporation and 21st Century Fox. These are the two largest producers of Hollywood films. The largest of the other studios is 20th Century Fox. Its output figures are astounding. Avatar is the highest-grossing film in studio history.