context: The motion picture, television, and music industry is centered on the Los Angeles in southern California. Hollywood, a district within Los Angeles, is also a name associated with the motion picture industry. Headquartered in southern California are The Walt Disney Company (which also owns ABC), Sony Pictures, Universal, MGM, Paramount Pictures, 20th Century Fox, and Warner Brothers. Universal, Warner Brothers, and Sony also run major record companies as well.
question: What is an important part of the film business?