MPPC Mk II
In 1908 Thomas Edison set up the Motion Picture Patents Company along with Eastman Kodak and a number of other studios. Its main purpose was to protect its members' patents and interests, usually with batteries of lawyers. By 1915 all its patents were cancelled, and in 1917 it was declared an illegal monopoly and shut down. Sounds like some people don't learn from history.
Hollywood could also do with remembering where its money comes from. Gerald Ratner learnt to his cost what happens if you annoy your customers, and the failed DIVX disk format (not the video codec) shows that the consumer doesn't always swallow what the industry would like them to have.