A conglomeration by is a corporation consisting of many different companies. The movie industry and television industry were once rivals when television was first introduced to the public. However, as time has gone on these two industries have learned that they can benefit from each other and work together.
There was a time when movie companies would produce a movie a week and owned acres upon acres of movie studios. Also the movie industries controlled every aspect of the movie making process from pre production to post production. Things began to change as technology began to advance. Once the switch from radio to television became apparent and television began to grab audiences the movie industry slowly began losing money. Eventually the movie industries had to sell most of their land and begin to lose some control over the movie making process.
Once the movie industry started to have a setback the television industry began to become popular. However, movies were never far behind. The television industry was having success of its own. The big movie corporations were in need of fiances and slowly but surely movie companies and television companies began to work together.These partnerships began to help gain even more money. In today's society there are so many options for television viewing and movie viewing as well that both industries are not doing as well as normal, but these industries are far too popular to disappear anytime soon.
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