In 1970, the FCC passed the Financial-Syndication rule, which effectively took the television networks out of the business of producing their own television series. This rule prohibited television networks, but not movie studios, from having a financial interest in television programs broadcast by networks and then sold in syndication to local stations. By effectively removing the three networks from the syndication business, the FCC radically changed the economic landscape of television. Since it was not profitable to produce television series for their original run without owning the rights to sell them in syndication, the networks simply withdrew from television production. The movie studios were then able to dominate the business of making and owning television programs, which they then licensed to the networks for their original runs and afterwards sold in syndication to local stations as well as foreign stations. When the FCC lifted its Fin-Syn rule in 1995, the studios' corporate parents moved in to take control of major networks.