Orion Pictures: Difference between revisions
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On May 22, 1986, Metromedia purchased a minor stake in Orion Pictures and later purchased 67% of the studio on May 20, 1988. In the late 1980s, Orion began to struggle financially, and would declare bankruptcy on December 11, 1991. In 1996, Orion Pictures under Metromedia acquired [[The Samuel Goldwyn Company|Samuel Goldwyn Entertainment]]. On April 11, 1997, [[Metro-Goldwyn-Mayer Studios|Metro-Goldwyn-Mayer]] acquired Metromedia's film studios (Orion, Goldwyn and the [[Motion Picture Corporation of America]]); the deal was closed in July. A year later, Orion was folded into MGM, and the Motion Picture Corporation of America separated from MGM to become independent. Orion survived as an in-name-only unit of MGM during that time frame. | On May 22, 1986, Metromedia purchased a minor stake in Orion Pictures and later purchased 67% of the studio on May 20, 1988. In the late 1980s, Orion began to struggle financially, and would declare bankruptcy on December 11, 1991. In 1996, Orion Pictures under Metromedia acquired [[The Samuel Goldwyn Company|Samuel Goldwyn Entertainment]]. On April 11, 1997, [[Metro-Goldwyn-Mayer Studios|Metro-Goldwyn-Mayer]] acquired Metromedia's film studios (Orion, Goldwyn and the [[Motion Picture Corporation of America]]); the deal was closed in July. A year later, Orion was folded into MGM, and the Motion Picture Corporation of America separated from MGM to become independent. Orion survived as an in-name-only unit of MGM during that time frame. | ||
In 2013, MGM revived the Orion Pictures brand for use on genre films, and it became a standalone division with the same purpose in late 2017. In 2020, the division was revamped again, this time with a new focus on underrepresented filmmakers. | In 2013, MGM revived the Orion Pictures brand for use on genre films, and it became a standalone division with the same purpose in late 2017. In 2020, the division was revamped again, this time with a new focus on underrepresented filmmakers of minorities. | ||
Currently, most of Orion's post-1982 films are owned by MGM (with Orion retaining copyright). Warner Bros. continues to own all pre-1982 films, select films that they released afterwards (MGM/Orion still owns ''A Midsummer's Night Sex Comedy'' and ''Zelig'', two Orion films they released after the initial deal), and films produced by The Saul Zaentz Company. [[StudioCanal]] owns ''First Blood'' through producer [[Carolco Pictures]], [[HBO Films]] owns North American distribution rights to ''Three Amigos'' (MGM retains TV and foreign rights), [[Paramount Pictures]] owns North American distribution rights to ''The Addams Family'' and [[Lionsgate Films]] owns films produced by [[Live Entertainment]]. Films produced by [[Nelson Entertainment]] and [[Hemdale Film Corporation]] were originally distributed by Orion and became owned by MGM (with Orion holding copyright) after MGM purchased the pre-March 31, 1996 [[PolyGram Filmed Entertainment]] library. | Currently, most of Orion's post-1982 films are owned by MGM (with Orion retaining copyright). Warner Bros. continues to own all pre-1982 films, select films that they released afterwards (MGM/Orion still owns ''A Midsummer's Night Sex Comedy'' and ''Zelig'', two Orion films they released after the initial deal), and films produced by The Saul Zaentz Company. [[StudioCanal]] owns ''First Blood'' through producer [[Carolco Pictures]], [[HBO Films]] owns North American distribution rights to ''Three Amigos'' (MGM retains TV and foreign rights), [[Paramount Pictures]] owns North American distribution rights to ''The Addams Family'' and [[Lionsgate Films]] owns films produced by [[Live Entertainment]]. Films produced by [[Nelson Entertainment]] and [[Hemdale Film Corporation]] were originally distributed by Orion and became owned by MGM (with Orion holding copyright) after MGM purchased the pre-March 31, 1996 [[PolyGram Filmed Entertainment]] library. | ||