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The entertainment industry is currently dominated by five major Hollywood studios—often called the "Big Five"—which collectively hold the vast majority of the North American market share. These conglomerates manage massive IP portfolios ranging from blockbuster superhero franchises to prestigious prestige dramas. Major Film & TV Studios

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While traditional studios still rule the box office, the "New Media" giants have redefined how we consume content. : As of 2026, The entertainment industry is currently dominated by five

Furthermore, transnational co-productions have become essential for accessing new markets. A notable example is Squid Game (2021). Produced by South Korea's Siren Pictures and distributed by Netflix, the show was a quintessential global studio product: locally authentic narrative (Korean social critique) wrapped in a globally legible genre (survival thriller). Netflix's production model bypassed traditional Korean broadcasters, directly commissioning the studio. This demonstrates how DTC platforms act as "aggregator studios," commissioning content from local production companies for global libraries. Universal Studios