Old Hollywood had 5 main studios. They each owned their own sets, locations, actors and film crew. Everything was under a long term contract, meaning the studio always had work.
There were around 6-8 films made every year by each director, far more than there are now. These would then be distributed all over the world to cinemas which, again, would be owned by the studios meaning that these cinemas all showed the same type of film since the crew would specialize in the genre the company was known for.
The audience would be able to easily decide on which genre they liked, and go to the cinema which showed that genre. Their preferences would be well catered for at the cinemas belonging to studios which were famous for their favourite genres. EG RKO's cinemas would show RKO's horror films.
All films however, would be very predictable, as sets and actors would be re-used.
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