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The foundation of the modern industry was laid in the 1920s through the 1940s. The "Big Five" studios (MGM, Paramount, Warner Bros, Fox, and RKO) operated a classic oligopoly. They controlled every aspect of the supply chain: production (the talent), distribution (the prints), and exhibition (the theaters). This vertical integration ensured profitability but stifled independent voices. Now, every major streamer is racing to secure

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