This document provides a summary of changes in the Hollywood film industry since 1960. It describes how the industry transitioned from a studio system to a blockbuster model in the 1970s as films like Jaws and Star Wars broke box office records. This led studios to focus on big-budget films targeted for wide summer or holiday releases. It also discusses the growth of conglomerates that acquired film studios to leverage intellectual property across different business lines. By the 2000s, the industry was highly profitable but also faced challenges from piracy as digital formats like DVDs and online downloads made it easier to copy and distribute films illegally.