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After the studio system fell out of favor, the big film companies didn’t keep the talent under contracts in the same way, and the relationship with the physical production studios and theaters changed. Interestingly, the Big Five major studios – Universal Pictures, Paramount Pictures, Warner Bros. Pictures, Walt Disney Pictures and Columbia Pictures – are now primarily the backers and distributors of movies, while it’s independent companies that handle the development and production. These independent companies, in turn, work with various production studios in order to shoot a film.
