In 3 bullet points no longer than 50 words each and written in a fantasy medieval context, summarize this text for me: 
"The cinema of the United States, often generally referred to as NAME_1, has had a profound effect on cinema across the world since the early 20th century. The United States cinema (NAME_1) is the oldest film industry in the world and also the largest film industry in terms of revenue. NAME_1 is the primary nexus of the U.S. film industry with established film study facilities such as the American Film Institute, LA Film School and NYFA being established in the area.[8] However, four of the six major film studios are owned by East Coast companies. The major film studios of NAME_1 including Metro-Goldwyn-Mayer, 20th Century Fox, and Paramount Pictures are the primary source of the most commercially successful movies in the world,[9][10] such as The Sound of Music (1965), Star Wars (1977), Titanic (1997), and Avatar (2009).

American film studios today collectively generate several hundred films every year, making the United States one of the most prolific producers of films in the world. Only The Walt Disney Company — which owns the Walt Disney Studios — is fully based in Southern California.[11] And while Sony Pictures Entertainment is headquartered in Culver City, California, its parent company, the Sony Corporation, is headquartered in Tokyo, Japan. Most shooting now[when?] takes place in California, New York, Louisiana, Georgia and North Carolina. New Mexico, especially in the Albuquerque and Santa Fe areas, had been an increasingly popular state for filming; Breaking Bad, the television show was set there, and movies such as No Country for Old Men and Rust were shot there.[citation needed] Between 2009 and 2015, NAME_1 consistently grossed $10 billion (or more) annually.[12] NAME_1's award ceremony, the Academy Awards, officially known as The Oscars, is held by the Academy of Motion Picture Arts and Sciences (AMPAS) every year and as of 2019, more than 3,000 Oscars have been awarded.[13]

On 27 October 1911, NAME_2 Film Company established NAME_1's first permanent film studio. The California weather allowed for year-round filming. In 1912, Universal Studios was formed, merging NAME_2 and several other motion picture companies, including Independent Moving Pictures (IMP)."