1970
New World Pictures is formed by Roger Corman.
Sidney Poitier, Paul Newman and Babara Streisand form First Artists Production Company.
Tiger Child, the first IMAX movie ever made, premeries in the Fuji Group Pavillion at Osaka Exposition in Japan.
1971
Walt Disney World opens in Florida.
A Clockwork Orange, released by WB and directed by Stanley Kubrick, is the first film with Dolby sound.
1972
Paramount release The Godfather, directed by Francis Ford Coppola. At the time, it becomes the highest-grossing film ever made.
Columbia Pictures sells its own studio and opts to share studio space with Warner Bros.
1973
MGM sells off studio property and abandons distribution after a series of box-office failures. United Artists begin to distribute MGM features.
The Exorcist, directed by William Friedkin, becomes Warner Bros highest-grossing film.
1974
Universal’s Earthquake, directed by Mark Robson, is the first film released in Sensurround, used to create an earthquake effect during screenings.
The Godfather Part II wins six Academy Awards, becoming the first sequel to win Best Picture.
Box-office grosses increase by $150 million.
1975
Steven Speilberg’s Jaws, released by Universal, overtakes The Godfather as the most successful film of all time.
Home Box Office (HBO) begins satelliete transmission to its cable television networks.
United Artisits release One Flew Over the Cuckoo’s Nest. Directed by Milos Forman, it is the first film to win all five major Academy Awards since 1934.
1976
VHS and Betamax video-recording systems are introduced.
Tax shelter schemes for financing movies are abolished by Congress, drastically reducing independent prodction.
John G. Avildsen’s Rocky, released by United Artists, grosses $225 million on its $1 million budget and wins Best Picture at the Oscars.
1977
George Lucas’ Star Wars, released by 20th Century Fox, becomes the highest-grossing film of all time.
The success of Close Encounters of the Third Kind, directed by Steven Speilberg, saves Columbia Pictures from mounting financial problems.
50 films from 20th Century Fox are distributred on video by Sony.
1978
Coming Home (United Artists) and The Deer Hunter (Universal) are two major post-Vietnam War productions, beginning the rehabilitation of veterans on film.
Orion Pictures is formed as a joint venture between Warner Bros. and former United Artists executives.
1979
MGM resumes distribution of its feature films.
An 18-screen multiplex cinema is opened in Toronto by Cineplex Odeon.
Robert Benton’s Kramer vs Kramer, released by Columbia, wins five Academy Awards, including Best Picture.
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