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: Known for major franchises and extensive television production.

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In the latter half of the 20th century, new players entered the entertainment industry, challenging the traditional studio system. Independent film producers and production companies, such as Miramax and New Line Cinema, began to produce innovative, low-budget films that appealed to niche audiences. These companies often focused on specific genres, such as horror or comedy, and developed a loyal following. The success of independent productions led to increased competition and a shift towards more diverse storytelling. : Known for major franchises and extensive television