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Henry miles
Henry Miles sets up the first film exchange, allowing exhibitors to rent films instead of buying them. -
Edwin S. Porter
Edwin S. Porter, chief of production at the Edison studio, helps to shift film production toward story telling with such films as The Life of an American Fireman and The Great Train Robbery, the first western. -
Nickelodeon
Harry Davis opens the first nickelodeon in Pittsburgh. -
Cartoons
The first animated cartoon is produced. -
The Saturday Evening Post
The Saturday Evening Post reports that daily attendance at nickelodeons exceeded two million. -
The Film Preservation Act
The Film Preservation Act allows the federal government to designate 25 films a year as national treasures. If these films are colorized, they must carry a disclaimer that their creators have not consented to the change. -
VCRs
Americans spend $12 billion to buy or rent video tapes, compared to just $4.9 billion on box office ticket sales. 76 percent of homes have VCRs. -
DreamWorks
Steven Spielberg, Jeffrey Katzenberg, and David Geffen form the film studio DreamWorks. -
Titanic
Titanic, which premiered in 1997, becomes the highest grossing film in Hollywood history, earning $580 million domestically. -
Blair Witch Project
The Blair Witch Project, which cost $30,000 to make, grosses $125 million, making it the most profitable film in Hollywood history.