Orion Pictures: Difference between revisions
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===Background=== | ===Background=== | ||
'''Orion Pictures''' (legally '''Orion Releasing LLC''') was formed as the '''Orion Pictures Company''' in February 1978 as a joint venture between [[Warner Bros. Pictures|Warner Bros.]] and former [[United Artists]] executives Arthur B. Krim, Eric Pleskow and Robert S. Benjamin | '''Orion Pictures''' (legally '''Orion Releasing LLC''') was formed as the '''Orion Pictures Company''' in February 1978 as a joint venture between [[Warner Bros. Pictures|Warner Bros.]] and former [[United Artists]] executives Arthur B. Krim, Eric Pleskow and Robert S. Benjamin. In June 1982, Orion, unhappy with distribution agreements with Warner Bros., bought the distribution network of [[Filmways Pictures]] and renamed itself '''Orion Pictures Corporation'''. In 1983, Orion founded the arthouse division [[Orion Classics]]. | ||
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. | ||