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>>>For example, TV shows have taken a large chunk of business away from the motion picture industry since TV was invented

Major studios own TV networks today. It's all the same bank account. If your money doesn't go into the pocket labeled "Movie," you're putting it in the one called "TV."

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That's fascinating...but I can't find a citation online. How did you come across this? Is e.g. ABC owned by Universal?

ABC is owned by Disney which owns Pixar, Disney, Touchstone, Miramax, Marvel Entertainment, LucasFilm, ...

A large chunk of TV is owned by {Newscorp, Disney, Time Warner, Comcast, Viacom, and CBS} http://www.freepress.net/ownership/chart

Here is who owns the major movie studios: http://en.wikipedia.org/wiki/Major_film_studio#1990s.E2.80.9.... Notice that with Sony the big exception, the list of companies is roughly the same.

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