Final answer:
The Walt Disney Company controlled over 1/3 of the motion picture industry's market share as of 2019, further solidifying its position through the Disney-Fox merger.
Step-by-step explanation:
As of 2019, the film studio that controls over 1/3 of the motion picture industry's market share is The Walt Disney Company. Disney's market dominance increased following the Disney-Fox merger in March 2019, making it an even larger conglomerate which includes a vast array of assets in film, television and streaming services such as ABC Television Network, ESPN, A&E, Lifetime, Disney Channel, and Disney+, among others.
This expansion is reflective of the ongoing consolidation within the media industry, where a small number of conglomerates control a significant portion of the market, including traditional broadcast and cable channels, movie studios, and newer streaming services.The Walt Disney Company controlled over 1/3 of the motion picture industry's market share as of 2019, further solidifying its position through the Disney-Fox merger.