and warner bros. have all been the focus of a series of major mergers and takeovers during the 1980s. [man] what has happened is that the major studios in hollywood, in the movie industry, in the music industry, in the tv industry have been increasingly taken over by global multimedia conglomerates like time-warner, for example, or like sony, the japanese firm, or like matsushita. um, ahem, and what i think is happening in this case is that these conglomerates are positioning themselves with respect to entertainment markets or entertainment and information markets, because now really hollywood is not just entertainment. it's also very much tied up with information. they're positioning themselves with respect to these markets in sound, in film, in tv, in printed material, and also in the technologies, the information technologies in particular, and the hardware that is used to disseminate this information and entertainment material. [narrator] one of the biggest global media companies is time-warner. i