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The traditional "majors" have not disappeared; they have consolidated. The Walt Disney Company exemplifies the intellectual property (IP)-driven strategy. Following its acquisitions of Pixar, Marvel, Lucasfilm, and 20th Century Fox, Disney's production slate prioritizes recognizable universes. A 2023 analysis showed that over 80% of Disney’s theatrical revenue came from sequels, prequels, or franchise installments ( Guardians of the Galaxy Vol. 3 , The Little Mermaid live-action). This strategy minimizes financial risk but has drawn criticism for creative stagnation.

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