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1975

Steven Spielberg's "Jaws" is the first summer blockbuster. George Lucas forms

Industrial Light and Magic company to create sophisticated special effects.

1976

"All the President's Men" opens. Sylvester Stallone stars in "Rocky."

1977

"Star Wars," directed by George Lucas, establishes film tie-in merchandising precedent. Woody Allen's "Annie Hall" wins best-picture Oscar.

1978

New copyright act protects most films for 75 years.

1979

"Apocalypse Now," by Francis Ford Coppola, helps change how Americans view

the Vietnam War.

1980

Sherry Lansing is first woman to head a major studio (20th Century Fox).

1981

"Raiders of the Lost Ark" opens.

1982

"E.T., The Extra-Terrestrial" surpasses previous box-office records.

1983

Meryl Streep stars in "Silkwood."

1984

Computer technology allows transfer of black-and-white film to color. "PG-13" is added to rating system.

1986

Ted Turner buys MGM's library of film classics for $1.2 billion.

1988

CJodie

Foster wins best-actress Oscar for "The Accused."

1989

"Driving Miss Daisy" wins best-picture Oscar. Sony buys

Columbia Pictures. Spike Lee's "Do the Right Thing" opens.

1990

"NC-17" rating replaces "X."

1991

Oliver Stone's "JFK" opens.

1993

"Jurassic Park" becomes biggest money maker to date. "Philadelphia" with Denzel Washington is first major Hollywood film to deal with AIDS.

1994

"Schindler's List" wins best-picture Oscar.

1995

"Forrest Gump" with Tom Hanks

wins Oscar for best picture. Spielberg, Jeffrey

Katzenberg, and David Geffen form DreamWorks

SKG. Michael Eisner taps Michael Ovitz for

president of Walt Disney Company.