Before the “Big Six” was created, the “Big Five” and “Little Three” existed. The “Big Five” consisted of five major film studios. This included 20th Century Fox, Warner Brothers, and Paramount. The “Little Three” consisted of smaller film studios, which included Columbia and Universal. Walt Disney Studios was not even a part of either of these, because it was an independent production.
By 1994, Paramount, Warners, Columbia, and Universal had created a chain of conglomeration. Paramount merged with Viacom while Warners merged with Time, Inc to become Time Warner. Tri-Star and Orion combined to form Columbia. However when Columbia went bankrupt, they sold the studio to MGM. Sony also made its way onto the scene during this time.
The merge of these film studios created major movie houses within the industry. The “Big Six” controls most of the film industry now, but there are other film studios, or independents, that are also a part of the movie market. These include Dreamworks. According to the Movie Market Summary on the following link, the movie industry has had some interesting trends. Since 2002, the annual total tickets sold have gone down. Though in the last two years, the annual revenue for movies has gone up. Without the movies becoming conglomerates, they would not be as successful.
Bibliography
· The Numbers - Movie Market Summary 1995 to 2011. (n.d.). The Numbers - Movie Box Office Data, Film Stars, Idle Speculation. Retrieved February 28, 2011, from http://www.the-numbers.com/market/
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