7.Hollywood responded to these conditions by producing fewer pictures and cutting job,by making movies in color to compete with television and by producing pictures abroad to take advantage of government subsidies in addition,the big Hollywood companies recognized that television offered new distribution potential,and invested in it accordingly.These measures revived Hollywood and helped establish its crucial role in the multimedia entertainment industry of today now,the major Hollywood companies are huge entertainment conglomerates with interests in recorded music, televion programming, book publishing,and cable communications in all the principal world markets.Hollywood is the motion-picture capital of the world ,and it will remain so by strengthening its partnerships with foreign interests