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The global entertainment industry is dominated by a handful of major studios and an evolving landscape of streaming production companies. This paper examines the defining characteristics of popular entertainment studios—from the traditional "Big Five" (Disney, Warner Bros., Universal, Sony, Paramount) to new digital-native powerhouses (Netflix, Amazon MGM, Apple TV+). It analyzes their production models, intellectual property (IP) management, franchise-building strategies, and the economic impact of vertical integration. The paper concludes that while distribution methods have radically changed, the core function of the studio as a risk-managing, talent-aggregating production hub remains central to popular culture.

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