section_path: Culture and society/Cinema
section_name: Cinema
paragraph_text: Cinema
  
  The U.S. film industry has a worldwide influence and following. Hollywood, a district in northern Los Angeles, the nation's second-most populous city, is also metonymous for the American filmmaking industry. The major film studios of the United States are the primary source of the most commercially successful and most ticket-selling movies in the world. Since the early 20th century, the U.S. film industry has largely been based in and around Hollywood, although in the 21st century an increasing number of films are not made there, and film companies have been subject to the forces of globalization. The Academy Awards, popularly known as the Oscars, have been held annually by the Academy of Motion Picture Arts and Sciences since 1929, and the Golden Globe Awards have been held annually since January 1944.
  
  The industry peaked in what is commonly referred to as the " Golden Age of Hollywood ", from the early sound period until the early 1960s, with screen actors such as John Wayne and Marilyn Monroe becoming iconic figures. In the 1970s, " New Hollywood ", or the "Hollywood Renaissance", was defined by grittier films influenced by French and Italian realist pictures of the post-war period. The 21st century was marked by the rise of American streaming platforms, which came to rival traditional cinema.