The term 'FILM STUDIO' can be broken down into two words, 'FILM' and 'STUDIO'. A FILM STUDIO is a company that produces films, usually for theatrical release. The term 'LOT' is an acronym for 'Lighting, Optics, and Technology', which are the three main components of a FILM STUDIO. Lighting is used to create the desired atmosphere and mood in a scene, optics are used to capture the image, and technology is used to edit and manipulate the footage.