By-April-1927-the-Big-Five-studios-(-First-Natio -- Multiple sentences match

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By April 1927, the Big Five studios ( First National, Paramount, MGM, Universal, and Producers Distributing ) had put the Warner brothers in financial ruin, and Western Electric renewed Warner's Vitaphone contract with terms that allowed other film companies to test sound.

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By April 1927, the Big Five studios ( First National, Paramount, MGM, Universal, and Producers Distributing ) had put the Warners in financial ruin, and Western Electric renewed the Warner's Vitaphone contract with terms that it was no longer exclusive and that other film companies could test sound with Western Electric as well.

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By April 1927, the Big Five studios ( First National, Paramount, MGM, Universal, and Producers Distributing ) had put the Warners in financial ruin, and Western Electric renewed the Warner's Vitaphone contract with terms that it was no longer exclusive and that other film company's could test sound with Western Electric as well ; the Warners were even forced to sell some of their stock to Harry Cohn, the head of the independent film company Columbia Pictures.

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