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How do you account for the decline of the Hollywood studio system between the late 1940s and early 1960s?
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How do you account for the decline of the Hollywood studio system between the late 1940s and early 1960s? Academics and critics often debate the exact dates of the demise of Hollywood's Golden Age, however, it is most often suggested that the studio system fell into decline during the late 1940s, around the time of the passing of the Paramount Decree, which was one of several extrinsic factors that contributed to the change of Hollywood. Pre-1948, Hollywood operated as a mature oligopoly, a market shared by a small number of companies: in this case eight. Five of these companies (MGM, Paramount, 20th Century Fox, Warner Bros., and RKO Radio Productions) operated a vertically integrated system that mirrored factory assembly lines. As David Bordwell, Janet Staiger and Kristin Thompson have observed: Hollywood's mode of production has been characterised as a factory system akin to that used by a Ford plant, and Hollywood often...
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