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Hollywood vs. TV

Why was Hollywood threatened by television? What where three key reasons it became a threat?

As television was introduced, prices got lower as more people purchased them. Television was more convenient compared to movies in the theaters. All viewers had to do was stay at home to be entertained. The only cost was the set itself; the programs that aired were free. As less and less people went to movie theaters, ticket prices got higher which made television even more appealing. 

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