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  • January 10th 2016 marks the 73rd Golden Globe Awards where members of the Hollywood Foreign

  • Press association give out awards to those working in film and television. It is the

  • third most-watched awards show, after the Oscars and the Grammys. In fact, the US entertainment

  • industry is the biggest in the world, so we wanted to take a look at just one, incredibly

  • successful part. Just how powerful is Hollywood?

  • Well, even thoughHollywoodis the name of a Los Angeles neighborhood, it actually

  • refers to the entirety of American cinema production. Moving pictures were born around

  • the late 19th century, but their success was stifled. Thomas Edison owned all the patents

  • on movie-making equipment, and charged a fortune for their use. Out in Los Angeles, there was

  • little Edison could do to enforce his patents, and so Hollywood bloomed.

  • Since it’s foundation, filmmaking has spread around the world. In 2014 the global film

  • industry was worth more than $35 billion dollars in box office figures alone. Of that, roughly

  • 11 billion comes from the US and Canada. Yet despite making the most money, they don’t

  • make the most movies. In 2012, the US released roughly 500 films, while in China, that number

  • was about 750. But the Indian cinema Industry, also calledBollywood”, came out with

  • more than 1,600 movies. That year, India’s movies made an average of about one million

  • dollars each in box office revenue, while US movies made about $22 million dollars.

  • Hollywood is incredibly rich, largely because going to the movies is a longstanding American

  • tradition. Despite movie attendance dropping due to on demand streaming, more than 1.3

  • billion movie tickets were purchased in 2013 in the US. Attendance peaked a decade earlier

  • in 2003 with 1.7 billion tickets sold.

  • But while movies are able to influence the public, it is often their stars and creators

  • who have the real power. Popular actors and actresses have been known to use their fame

  • and exposure to promote social causes. Angelina Jolie has been well known for her charitable

  • work with the refugee crisis, and Emma Watson was named as the UN Goodwill Ambassador for

  • her efforts to promote education among girls. Others donate huge amounts of money. In 2012,

  • 80s film star Jami Gertz and her husband donated over 10 million dollars to charity, the most

  • of any media celebrity that year.

  • Hollywood makes a ton of money, influences filmmakers in other countries, and even helps

  • charitable causes and human rights situations around the world. The cinema industry is ubiquitous

  • and successful, and at its heart lies the incredibly powerful: Hollywood.

  • Another industry with a sizable amount of influence is the U.S. meat industry. Learn

  • more about it in our video. Thanks for watching TestTube News! Don’t forget to like and

  • subscribe for new videos.

January 10th 2016 marks the 73rd Golden Globe Awards where members of the Hollywood Foreign

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