As the family grieved over Sam's sudden passing, the success of "The Jazz Singer" helped establish Warner Bros. as a major studio. While Warner Bros. invested only $500,000 in the film, the studio reaped $3 million in profits. Hollywood's five major studios, which controlled most of the nation's movie theaters, initially attempted to block the growth of "talking pictures". In the face of such organized opposition, Warner Bros. produced 12 "talkies" in 1928 alone. The following year, the newly formed Academy of Motion Picture Arts and Sciences recognized Warner Bros. for "revolutionizing the industry with sound".