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The “Big Five” Film Studios & Their Acquisitions: A Hollywood Ownership Map

WyomingLLCAttorney.com Blog

Lights, camera, oligopoly! While many of us may have stars in our eyes when we think of the film industry, a business-minded view of Hollywood shows a handful of companies with a lot of power continuously swallowing up their competitors. Individual film studios like DreamWorks or New Line Cinema have been consumed up by massive conglomerates like Warner Brothers or Universal. The Wyoming LLC Attorney film production company acquisitions list shows us how the last twenty years have been punctured by huge corporate upsets in the entertainment industry.

While some say more consolidation is on its way (a.k.a. “the Great Rebundling”), others argue that, due to more intense government scrutiny, the prospect of a “mega-merger” seems unlikely. But how did we even get to this point of so many studios being owned by so few companies? We’ve created a helpful timeline and a list of movie company acquisitions to show this rapid consolidation.

A Timeline of Film Production Company Acquisitions & Mergers

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Mergers and Acquisitions of Major Film Studios - Wyoming LLC Attorney - Infographic

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Who are “The Big Five”?

First, let us introduce the major players. These are the top five film studios in America ranked by market share in US/CA in 2023:

  1. Universal Pictures (21.77%)
  2. Walt Disney Studios (21.26%)
  3. Warner Brothers (15.73%)
  4. Sony Pictures (11.26%)
  5. Paramount Pictures (9.55%)

The “other” (20.43%) represents everyone else, including “mini-majors” such as A24 (an independent studio), Amazon MGM Studios (owned by Amazon), and Lionsgate.

Universal

What does Universal own?

Here is a quick list of companies universal pictures owns. First, let’s start with universal pictures’ main subsidiaries:

  • Focus Features (Brokeback Mountain, London Has Fallen)
  • Working Title Films (Les Miserables, Notting Hill, Bridget Jone’s Diary, Bean)
  • Illumination (Despicable Me, Super Mario Bros. Movie)
  • Dreamworks Animation (Shrek, How to Train Your Dragon)
  • Amblin Partners (Jurassic Park, Men in Black, War of the Worlds, Ready Player One)
  • Blumhouse Productions (Get Out, Halloween, The Purge, Insidious)
  • Carnival Films (Firelight, Downton Abbey, Shadowlands)

And here are important entertainment properties owned by the parent company, NBC Universal.

  • Peacock
  • NBC News/CNBC/MSNBC
  • Syfy
  • E!
  • Bravo
  • Telemundo

Who owns Universal Pictures?

Or rather, does Disney own Universal Pictures, since they seem to own everything? No, Disney does not own Universal.

The Universal Pictures parent company is NBCUniversal, whose parent is the media conglomerate and telecommunications giant Comcast. The largest super-voter of Comcast Corporation is Brian L. Roberts, a low-profile American billionaire.

What are Universal’s most famous intellectual properties (IPs)?

Universal has a huge number of properties, but here are some of their highest-grossing franchises:

  • Universal Monsters (Dracula, Frankenstein, The Mummy)
  • Jurassic Park
  • Fast & Furious Franchise
  • Minions/Despicable Me
  • Shrek
  • Kung Fu Panda
  • E.T. the Extra-Terrestrial

Disney

What does Disney own?

Or the question seems like, what don’t they own?

Here are the specific Disney subsidiaries of the conglomerate’s studios:

  • Walt Disney Pictures (The Lion King, Frozen, Beauty and the Beast)
  • Disneynature (Earth, Oceans)
  • Marvel Studios (Avengers, Black Panther, Iron Man)
  • Lucasfilm (Star Wars)
  • 20th Century Studios (Avatar, Ice Age, Independence Day)
  • Searchlight Pictures (Slumdog Millionaire, Black Swan, The Full Monty, Juno)
  • Walt Disney Animation Studios (Frozen, Zootopia, Moana, Big Hero 6)
  • Pixar (Incredibles, Inside Out, Toy Story)

What else does Disney own, as a company?

  • Hulu
  • ESPN
  • Disney+
  • Star
  • ABC
  • 20th Television
  • FX Networks
  • A&E Networks
  • National Geographic
  • Buena Vista Theatrical

What have been the top Disney mergers?

Out of all of the recent Disney acquisitions and mergers, the Fox merger was a shock. Does Disney own Fox? In 2017, the Walt Disney Company announced its merger with 21st Century Fox, which included FX, National Geographic, and 20th Century Fox film and television. It did not include Fox Broadcasting Company. (In other words, the deal was for Homer Simpson, not Tucker Carlson.) The deal totaled to be $71.3 billion. Later on, Disney also got its hands on the streaming service Hulu.

However, looking back, its wisest purchase may have been the middle of the recession: Marvel Entertainment, for $4.4 billion.

Are more mergers in the future? Will Disney own Warner Bros.? Who knows?

Who owns Disney?

Disney Pictures is owned by Disney Entertainment, which is in turn owned by The Walt Disney Company. The top shareholders are Christine M. McCarthy, Robert A. Iger, and Safra A. Catz, all of whom have served on the board of directors.

What are Walt Disney Studios’ most famous intellectual properties currently?

  • Mickey Mouse and Friends
  • Marvel Cinematic Universe (MCU)
  • Winnie the Pooh
  • Star Wars
  • Disney Princesses
  • The Muppets
  • Ice Age
  • Avatar

Paramount

What companies does paramount own?

These are the top Paramount subsidiaries

  • Nickelodeon Movies (Teenage Mutant Ninja Turtles, The Last Airbender, The SpongeBob Movie: Sponge Out of Water)
  • BET Films (Nobody’s Fool, Beyond the Lights)
  • Paramount Animation (Wonder Park, The Little Prince)

And these powerhouses are also owned by the parent company, Paramount Global:

  • CBS News
  • Nickelodeon
  • Paramount+
  • Pluto TV
  • CW Television Network
  • BET
  • VH1

Who owns Paramount?

Paramount Pictures is owned by Paramount Global (formerly ViacomCBS Inc.), which is in turn owned by National Amusements Inc., a privately owned movie theater and mass media holding company. This parent is owned by Shari Redstone, one of America’s most influential people.

As of yet, Disney has not made a bid for Paramount Pictures.

What does Paramount own in terms of IPs?

  • Teenage Mutant Ninja Turtles
  • Dora the Explorer
  • SpongeBob SquarePants
  • Star Trek
  • Mission: Impossible
  • Titanic
  • Indiana Jones

Warner Brothers

What companies does Warner Bros. own?

Warner Bros. Picture Group has the following subsidiaries.

  • Warner Bros. Pictures (Barbie, Harry Potter)
  • New Line Cinema (Lord of the Rings, It, Sex and the City)
  • Warner Bros. Pictures Animation (The Lego Movie, Smallfoot, Storks)
  • Castle Rock Entertainment (The Polar Express, The Green Mile, A Few Good Men)
  • Flagship Entertainment Group

Warner Bros. Discovery, which is a massive media conglomerate, owns quite a bit more. Here are some important highlights:

  • CNN
  • Fandango
  • Discovery
  • Cartoon Network Studios
  • Home Box Office, Inc (HBO)
  • Cinemax
  • Opray Winfrey Network
  • HGTV
  • Food Network
  • TLC
  • TNT Sports
  • Rocksteady Studios

Who owns Warner Brothers?

Warner Bros. Pictures is owned by Warner Bros. Motion Picture Group, which is in turn owned by Warner Bros. Discovery. The largest voter (8%) is owner Advance Publications, Inc., the privately-owned mass media company. Advance Publications, Inc. is owned by Donald Newhouse, whose estimated net worth is $11 billion.

What are some famous Warner Brothers intellectual properties?

  • Harry Potter
  • Looney Tunes
  • DC Entertainment (Batman, Superman, etc.)
  • Scooby-Doo
  • The Big Bang Theory
  • Ben 10
  • Mortal Kombat

Sony Pictures

What does Sony own?

Sony Pictures Motion Picture group includes the following subsidiaries:

  • Columbia Pictures (Spider-Man, Jumanji, Skyfall, Ghostbusters)
  • TriStar Pictures (Terminator, Godzilla, Basic Instinct)
  • Screen Gems (Resident Evil)
  • Sony Pictures Animation/Sony Pictures Imageworks (Spider-Man: Into the Spider-Verse, Hotel Transylvania, The Smurfs)
  • Sony Pictures Classics (Crouching Tiger, Hidden Dragon, Midnight in Paris, Capote)
  • 3000 Pictures (Where the Crawdads Sing)
  • Destination Films (Eye of the Beholder)
  • Stage 6 Films (The Garfield Movie, Insidious)
  • Affirm Films (War Room, Miracles from Heaven)

Sony Entertainment, the parent company, also owns a great many entertainment companies, including the following:

  • RCA Records
  • Columbia Records
  • Crunchyroll
  • Kartoon Studios
  • Baby Genius
  • Jeopardy Productions
  • Bad Wolf
  • EMI Music Publishing
  • PlayStation Studios

Who owns Sony Pictures?

Sony Pictures is owned by Sony Entertainment, which is owned by Sony Group Corporation. The largest shareholder is The Master Trust Bank of Japan, which is – ultimately – owned by Mitsubishi Group.

Does Disney own Sony Pictures? The answer is no – this confusion arose due to negotiation and difficulty relating to the Spider-Man copyright issues.

What are their famous intellectual properties?

  • Peanuts
  • Seinfeld
  • Jumanji
  • Ghostbusters
  • Men in Black
  • Spider-Man

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The Complete Timeline of the “Big Five” Film Studios’ Mergers and Acquisitions Since Their Inception

Universal Pictures Mergers and Acquisitions

Parent Company: NBCUniversal (Comcast)

Percent of US/CA Market Share in 2023: 21.77%

YearTimeline EventDescription of event/Type of company that was acquired or merged with
1912Founded on April 30, 1912 as Universal Film Manufacturing Companyfounded
1936Acquired by Standard Capital Companyfilm production
1946Merged with International Pictures to become Universal-Internationalfilm production
1952Acquired by Decca Recordsmusic
1962Merged with Music Corporation of America to become MCA Universalmusic
1964Merged with Revue Television ProductionsTV production
1991Acquired by Matsushita Electric (now Panasonic)electronics
1995Acquired by the Seagram Companyconglomerate
1996Renamed Universal Studiosrenamed
2000Merged with Vivendimedia and entertainment
2004Merged with NBC to become NBCUniversalmedia and entertainment
2011Acquired by Comcastmedia and entertainment
2016Acquired Dreamworks Animation Studiosanimation studio
2017Acquired minority stake in Amblin Partnersfilm and TV production

Paramount Pictures Mergers and Acquisitions

Parent Company: Paramount Global

Percent of US/CA Market Share in 2023: 9.55%

YearTimeline EventDescription of event/Type of company that was acquired or merged with
1914Founded on May 8, 1914 as Paramount Pictures Corporationfounded
1916Merged with Famous Players-Lasky Corporationfilm production
1926Acquired Balaban and Katz Theater Corporationtheater chain
1927Renamed Paramount Famous Lasky Corporationrenamed
1928Acquired 49% of CBSmedia and entertainment
1935Renamed Paramount Picturesrenamed
1938Bought stake in DuMont LaboratoriesTV manufacturer
1942Acquired Fleischer Studiosanimation studio
1951Bought stake in International Telemetersubscription TV service
1957Acquired Dot Recordsmusic
1966Acquired by Gulf and Western Industriesconglomerate
1967Acquired Desilu ProductionsTV production
1976Acquired Hughes Television NetworkTV network
1994Viacom acquired 50.1% of sharesconglomerate
2005Acquired DreamWorks Picturesfilm production
2019Re-merged with CBS to form ViacomCBSmedia and entertainment
2019Acquired 49% stake in Miramaxfilm and TV production
2022Renamed Paramount Globalrenamed

Warner Bros. Pictures Mergers and Acquisitions

Parent Company: Warner Bros. Discovery

Percent of US/CA Market Share in 2023: 15.73%

YearTimeline EventDescription of event/Type of company that was acquired or merged with
1923Established on April 4, 1923 as Warner Bros. Pictures, Inc.founded/established
1924Acquired Vitagraph Companyfilm production
1928Acquired the Stanley Corporationtheater chain
1929Acquired Skouras Brothers Enterprisestheater chain
1929Acquired First National Picturesfilm production
1944Acquired the Leon Schlesinger Productions cartoon unit, renamed Warner Bros. Cartoonsfilm production
1953Merged with RKO Theaters to form RKO-Stanley Warner Theatrestheater chain
1966Acquired by Seven Arts Productions, renamed Warner Bros. - Seven Artsfilm production
1969Acquired by Kinney National Company, renamed Warner Communicationsconglomerate
1989Acquired Lorimar-Telepicturesmedia and entertainment
1989Warner Communications merged with Time Inc, forming Time Warnerpublishing
1996Merged with Turner Picturesfilm production
2003Renamed Warner Bros. Entertainment Inc.renamed
2008Merged with New Line Cinemafilm and TV production
2018Time Warner is acquired by AT&T, renamed WarnerMediatelecommunication
2022Merged with Discovery Inc. to form Warner Bros. Discoverymedia and entertainment

Walt Disney Studios Mergers and Acquisitions

Parent Company: The Walt Disney Company

Percent of US/CA Market Share in 2023: 21.26%

YearTimeline EventDescription of event/Type of company that was acquired or merged with
1923Founded on October 16, 1923 as the Disney Brothers Cartoon Studiofounded
1926Renamed The Walt Disney Studiorenamed
1929Renamed Walt Disney Productionsrenamed
1983Incorporated as Walt Disney Picturesrenamed
1988Acquired controlling stake in Pacific Theaterstheater chain
1993Acquired Miramax Filmsfilm and TV production
1996Acquired ABC Televisionmedia and entertainment
2006Acquired Pixar Animation Studiosanimation studio
2009Acquired Marvel Entertainmentanimation studio
2012Acquired Lucasfilmfilm and TV production
2019Acquired 21st Century Foxmedia and entertainment

Sony Pictures Mergers and Acquisitions

Parent Company: Sony Group Corporation

Percent of US/CA Market Share in 2023: 11.26%

YearTimeline EventDescription of event/Type of company that was acquired or merged with
1924Founded on January 10, 1924 as Columbia Pictures Corporationfounded
1963Acquired Aldon Musicmusic
1968Merged with Screen Gems, renamed Columbia Pictures Industriesfilm and TV production
1969Acquired Bell Recordsmusic
1974Acquired Rastar Picturesfilm production
1976Acquired Gottliebarcade games
1979Acquired TOY Productionsfilm and TV production
1980Acquired Rastar Filmsfilm production
1981Acquired The Walter Reade Organization (81% in ‘81 and 19% in ‘85)theater chain
1982Acquired Spelling-Goldberg ProductionsTV production
1982Columbia Pictures was acquired by The Coca-Cola Companybeverages
1983Acquired Big 3 Publishingmusic
1985Acquired Belwin-Mills Publishingmusic
1985Acquired Embassy Communications, Inc.film and TV production
1986Acquired Merv Griffin EnterprisesTV production
1986Acquired Danny Arnold ProductionsTV production
1987Acquired AI Gallico Musicmusic
1987Acquired 40% of Castle Rock Entertainmentfilm and TV production
1989Columbia Pictures was acquired by Sonyelectronics
1991Merged with Price Entertainment, renamed Sony Pictures Entertainmentfilm and TV production
1994Acquired Stewart Televisiongame shows
1998Merged with TriStar Picturesfilm production
2008Acquired 2waytrafficTV production
2019Acquired Game Show Networkgame shows
2024Submitted offer to acquire Paramount Global in joint buyout with Apollo Global Managementfilm and TV production
2024Acquired Alamo Drafthouse Cinematheater chain