Hollywood is set up as a large studio system which is split into 6 major companies; these are Walt Disney Studios, 20th Century Fox, Columbia, Warner Bros, Universal and Paramount Pictures. These all produce, distribute and exhibit films on a regular basis, Hollywood release around 120 films each year which is a massive amount compared to British films which only release around a small handful of films. Most of these Hollywood films are major blockbusters of high production values. High production values mean that the film has a higher budget and higher costs that need to be spent on things like effects, actors, locations, sets, specialist equipment and more.