The Hollywood golden age was an era of the powerful grip of studios that produced, distributed and also controlled talent under the contract. It produced polished genre-specific movies that followed very strict codes of production. THE dominance of the studios meant all production was relatively consistent and yet creativity and differing opinions were much curtailed.
The industry was divided by technological changes that were significant and the collapse of the studio system. Vertical integration was stopped by antitrust decisions and the emergence of television. The TV rivalry thrust Hollywood into the direction of the widescreen extravaganza. Subsequently, CGI and digital cinematography allowed visual storytelling and new genres never allowed before.
The narrative and thematic material changed radically after Hays Code. Movie makers were allowed to touch subjects that were avoidable by being more realistic and ambiguous. The movement such as New Hollywood allowed directors to have greater control, and as a result they have developed their own, socially conscious forms of films that moved away with the conventions of film making.
The nature of Hollywood activity and its power were significantly changed by globalization. International markets were established as important sources of revenues, and they directly influenced the choices related to content and were related to cross-productions. Immigration of talent and creative voices was enhanced through the inflow of different talents, and films and styles that were originally foreign to the U.S. began having a growing impact on mainstream Hollywood visuals and their stories.
The current environment can be characterized by the disruption of streaming and franchise supremacy. Large scale IP based risk- averse tentpole films are favored in studios as box office material with a global appeal. Streaming services have become competitors of the traditional studio with various content, but changed both the theatrical window and old monetary systems.
Conclusion:
Hollywood moved on out of the studio oligarchy to a multifaceted, globalized, technology-led sphere of operation. Some of the main changes consist of the death of the studio system, the release of the Hays Code, growth of global markets and the digital revolution. The issues today are over saturation of franchises and how streaming is affecting distribution and revenue. The industry is ever changing in its business approaches and modes of telling stories.
