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The 1990s and 2000s witnessed a significant shift in the entertainment industry, as conglomerates such as Time Warner, Disney, and Viacom acquired major studios and production companies. This led to the consolidation of power and resources, enabling conglomerates to dominate multiple sectors of the industry. Globalization also played a crucial role, as entertainment companies expanded their reach into international markets, producing content that appealed to diverse audiences worldwide. The emergence of global streaming platforms such as Netflix, Amazon Prime, and Hulu has further transformed the industry, offering new distribution channels and business models.