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In the 1930s the movie industry operated under a studio

Question: In the 1930s the movie industry operated under a studio system, in which a performer signed with a single studio for some period and promised to appear in a certain number of movies. What might have led to the decline of the studio system and its replacement by today's star system, in which actors are signed to appear in single movies rather than being attached to a single studio for multiple movies?

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