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In the 1920s, Hollywood emerged as a major hub for film production, with studios like Paramount Pictures, Universal Studios, and Warner Bros. dominating the industry. These studios produced some of the most iconic films of the era, including The Gold Rush (1925), The Phantom of the Opera (1925), and Casablanca (1942). The major studios, also known as the "Big Five," controlled every aspect of film production, from development to distribution, and operated on a vertically integrated model.