Ratings

This media has not been rated yet.
Be the first one!

To rate this media or to interact with your friends, create a free mediatly account. You'll also be able to collaborate with our growing community and make it you digital entertainment center.

Friends who like

Sign up to see which of your friends like this.

Linked media  

Linking media

Mediatly © 2013

Mediatly, The multimedia social network

Discover new movies and TV shows to watch, novels or comics to read, music to hear and games to play thanks to your friends. It's fast, free, simple and enjoyable!
To start discover a new world, Sign up for free

  
Carolco Pictures (1976)

Carolco Pictures, Inc.

Type :  

  Summary  

Carolco Pictures, Inc., Carolco International N.V., or Anabasis Investments was an American independent film production company that, within a decade, went from producing such blockbuster successes as Terminator 2: Judgment Day and the first three movies of the Rambo series to being bankrupted by box office bombs such as Cutthroat Island and Showgirls.

  Biography  

 Early years
The company was founded by two film investors, Mario Kassar and Andrew Vajna, as Anabasis Investments. Their goal was to make their new studio a major independent production company producing A-movies. Their earliest films were co-produced with Canadian theater magnate Garth Drabinsky.

One of the first Anabasis/Carolco films was First Blood , followed by the sequel Rambo: First Blood Part II with Sylvester Stallone (who later signed a ten-picture deal with the studio). The release of Rambo: First Blood Part II was so instrumental to Carolco's financial success that from then on, the music of the company's logo utilizes the first stanza of its famous score, written by Jerry Goldsmith.

Also in 1985, Carolco started a distribution deal with then-fledging production company TriStar Pictures. TriStar released a majority of Carolco's films from that point on in the U.S. and some international countries until 1994.

Carolco entered home video distribution as well. Independent video distributor International Video Entertainment was going through financial difficulties and was near bankruptcy. In 1986, Carolco purchased IVE in the hopes of "turning the company around". The deal was finalized a year later. IVE became LIVE Entertainment, later Artisan Entertainment, which was bought by Lions Gate Home Entertainment.

On August 28, 1987, Carolco acquired television syndicator Orbis Communications for $15.4 million and initiated television production and distribution. They also purchased the former De Laurentiis Entertainment Group production facility in Wilmington, North Carolina, and established Carolco Home Video, with LIVE Entertainment as output partner.

Jose Menendez was a member of the Board of Directors of Carolco until August 1989, when he and his wife were murdered by their sons Lyle and Erik Menendez.

After his partnership with Kassar, Vajna created a sister studio to Carolco, Cinergi Pictures, in November 1989. Cinergi started to release films with The Walt Disney Company through Hollywood Pictures and Touchstone Pictures.

 1990–1994
In 1990, Carolco went on to acquire the rights to the Terminator franchise from Hemdale Film Corporation. The company re-hired Terminator director James Cameron and Arnold Schwarzenegger to star in a multi-million-dollar budgeted sequel, Terminator 2: Judgment Day . It was the highest-grossing film of the year, and as it turned out, the most successful film in Carolco's history. Also in 1990, Carolco entered into a joint venture with New Line Cinema to start Seven Arts Pictures, a distribution company which primarily released much of Carolco's low-budget output.

Carolco struggled for some years to secure the rights to Spider-Man, a property that James Cameron was keen to produce as a film. Plans fell through, although it would eventually be made as a Sam Raimi film for Columbia Pictures. Toward the end of shooting True Lies, Variety carried the announcement that Carolco had received a completed screenplay from Cameron. This script bore the names of James Cameron, John Brancato, Ted Newsom, Barry Cohen and "Joseph Goldmari", a typographical scrambling of Golan's pen name ("Joseph Goldman") with Marvel executive Joseph Calimari. The script's text was identical to what Golan had submitted to Columbia the previous year, with the addition of a new 1993 date. Cameron stalwart Arnold Schwarzenegger was frequently linked to the project as the director's choice for Dr. Octopus. As late as 1995, Internet industry sources such as Baseline Hollywood still listed both Neil Ruttenberg (author of one of the 1990 "Doc Ock" variations submitted to Columbia), and James Cameron as co-writers.

 Bankrupt
Though budgets for their feature films grew, box office revenue fell. Following the disastrous releases of Cutthroat Island and Showgirls by new distribution partner MGM in 1995, Carolco filed for Chapter 11 bankruptcy protection and the company closed soon after. Most of Carolco's assets were purchased by 20th Century Fox for $50 million.

Out of the ashes rose a new partnership between Carolco's owner and Cinergi's owner in 2002: C2 Pictures.

Show more

  Movie

  TV show

  Photos    

  Videos  

  Press reviews    

  User reviews

  Sources

Whole or part of the information contained in this card come from the Wikipedia article "Carolco Pictures", licensed under CC-BY-SA full list of contributors here.