4

The Industry

The Facts and Nothing But

The most valuable commodity I know of is information.

—GORDON GEKKO (Wall Street)

A Bit of History

Moving images had existed before. Shadows created by holding various types of objects (puppets, hands, and carved models) before a light were seen on screens all over the world. This type of entertainment, which most likely originated in Asia with puppets, was also popular in Europe and the United States. Then in 1877, photographer Eadweard Muybridge helped former California Governor Leland Stanford settle a bet by using a series of cameras to capture consecutive images of a racehorse in motion. Little did he know what 21st-century technology would bring.

William Friese-Greene obtained the first patent ...

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