LOS ANGELES, CA (October 25, 2016) -- Although it has been recently sharing the wealth with other production cities, Hollywood remains the oldest and most important location to the world's film industry. It's home to six major film studios, all of the major trade organizations, prestigious film schools, and awards ceremonies. But with the consolidation of media companies, streaming distribution platforms like Netflix and Amazon, and new technologies like 4K and VR, Hollywood is undergoing a major transformation.