 Over those years, the Cannon Group stock was moved to the NY stock exchange and climbed up from 25 cents in the late 1970s to $48 in 1984.Cannon became the largest independent producer and distributor in the world.By the mid-1980s, Cannon was producing an average of 40 films per year and had become the largest independent movie production company in the world with a net worth of over US$1 billion.