The Blockbuster Age of Hollywood is the age that we are currently living in. It marks the end of the creative freedom and excesses of the New Hollywood era and the rise of a new studio system, built upon the ashes of the old. This time, there are only six major studios: Sony (releasing films under the Columbia Pictures imprint), Twentieth Century Fox, Universal Studios, Warner Bros, Paramount Pictures and Walt Disney Pictures (releasing mature films under the "Touchstone" label). MGM still exists, but as a shadow of its former self owned by its creditors, and a major studio only by virtue of its history.