The movie industry in the 1920s saw great expansions with many small studios taken over

and creating the studio system that has run film making until today. Many studios used to

make 20 to 30 movies a year. Now, they focus on fewer movies with bigger budgets (think

MCU and DCU and others). Over the past few years, the big blockbusters have grown

significantly in popularity and some of those are generating significant revenue for the film

studios. With your understanding of economic concepts:

(a) Do you believe there be continued success over the next couple of years?

(b) Will consumers pay a premium to continue to watch films or other content that may

be similar to what they're already seeing?

In answering the question, make use of diagrams and other tools to help explain the current

phenomena and to answer the above questions.