Hollywood studio

A major film studio is a production and distribution company that releases a substantial number of films annually and consistently commands a significant share of box office revenue in a given market. In the American and international markets, the major film studios, often simply known as the majors, are commonly regarded as the six diversified media conglomerates whose various film production and distribution subsidiaries collectively command approximately 80 to 85% of U.S. box office revenue. The term may also be applied more specifically to the primary motion picture business subsidiary of each respective conglomerate.

The "Big Six" majors, whose operations are based in or around the Los Angeles neighborhood of Hollywood, are all centered in film studios active during Hollywood's Golden Age of the 1930s and 1940s. In three cases—20th Century Fox, Warner Bros., and Paramount Pictures—the studios were one of the "Big Five" majors during that era as well. In two cases—Columbia Pictures and Universal Pictures—the studios were also considered majors, but in the next tier down, part of the "Little Three". In the sixth case, Walt Disney Studios was an independent production company during the Golden Age; it was an important Hollywood entity, but not a major. Metro-Goldwyn-Mayer, RKO, and United Artists were Golden Age majors that survive now only as relatively small independent companies or, in UA's case, a brand name.

Today, Disney is the only member of the Big Six whose parent entity is still located near Los Angeles (actually, on Disney's studio lot and in the same building). The five others report to conglomerates respectively headquartered in New York City, Philadelphia, and Tokyo. Of the Big Six, Paramount is the only one still based in Hollywood proper; furthermore, Paramount and Fox are the only ones still located within the Los Angeles city limits, while Disney and Warner Bros. are located in Burbank, Columbia in Culver City, and Universal in the unincorporated area of Universal City.

...
Wikipedia