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Understanding popular studios requires knowing the production cycle. Most major studios operate in three phases:

Paramount is rumored for sale. Lionsgate is splitting from Starz. Expect the "Big Five" to become the "Big Three" or "Big Four" within a decade.

After buying MGM for $8.5 billion, Amazon gained access to the James Bond franchise and a massive library. Their production focus is on expensive prestige TV to lure Prime subscribers.