Motion Picture Laboratories will research and create new technologies to stop the unauthorized distribution of films, particularly via the internet. Walt Disney, Sony, Paramount, Warner Bros, Universal and 20th Century Fox are among the six major Hollywood studios pooling resources. The company, also named Movielabs, will have offices in Los Angeles and a $30 million budget in its first two years. The studios pool their resources are Walt Disney,. Sony,. Paramount, Universal, Warner. Warner Bros,. Universal and Universal are also pooling their resources.”]
Source: https://www.csoonline.com/article/2119233/film-studios-unite-to-beat-piracy.html