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The entertainment industry's roots date back to the early 20th century, when Hollywood emerged as a major film production hub. The 1920s to the 1960s are often referred to as the Golden Age of Hollywood, marked by the rise of iconic studios like MGM, Paramount, and Warner Bros. These studios produced some of the most iconic films of all time, including "Casablanca," "The Wizard of Oz," and "Singin' in the Rain." The era was characterized by a strict studio system, where actors, writers, and directors were contracted to specific studios, and the moguls who ran these studios wielded significant power and control.