How has conglomeration changed the movie and television industry?

Conglomeration results media companies to “expand or diversify” (56). It is “the process of companies being brought into common ownership but remaining distinct entities” (56). In the movie and television industry, conglomeration is found in studio systems; where “a handful of companies produce, distribute, and exhibit movies,” instead of just one company. Hollywood itself is “dominated by six movie studios. These studios, each part of a conglomerate, are enmeshed with the TV industry through corporate connections.” A few major studios include Paramount, Disney, Columbia, 20^th Century Fox, Universal, and more.
Conglomeration helps studios such as these in the movie industry. These bigger companies stay in business because of conglomeration. With the popularity of these studios, they are making increasingly large amounts of money that keep them coming out with more movies or TV productions. The more powerful these companies become, the more they have control over the industry.