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Walk of Fame
99% Invisible
The History of Hollywood
The movie industry was one of the biggest businesses in the world and as it reached the height of its power, film became the economic lifeblood of Los Angeles. The big five had a powerful monopoly over the entire motion picture industry. They controlled everything from the production of films right down to the theaters that screened them. A 1948 rule put an end to that, making studios give up control of their movie theaters and sell them to independent companies. That's the number one thing that destabilized the industry and that was kind of the very slow decline of the industry and their power.
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