Vision Video Ltd.: Difference between revisions
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imported>Michael Kenchington (→(1993-2003): The logo also appears on a 1998 UK promotional VHS called Torvill & Dean: Behind the Ice Adventures as well, see here: https://www.youtube.com/watch?v=z_rNjku8G-Y) |
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{{PageCredits|description=mr3urious and Blue2000|edits=Blue2000|capture=Eric S., FLEMISHDOG and silkdog|video=Eric S., thevideorewind, James Bushnell and DudeThatLogo}} | {{PageCredits|description=mr3urious and Blue2000|edits=Blue2000|capture=Eric S., FLEMISHDOG and silkdog|video=Eric S., thevideorewind, James Bushnell and DudeThatLogo}} | ||
==Background== | ===Background=== | ||
'''Vision Video Ltd.''' was a British home video distributor and former production company. The company was originally founded in 1975 as '''Virgin Rags Limited''', and renamed to '''Virgin Entertainments (holdings) Limited''' in 1978 after the company entered the theatrical market as '''Virgin Films & Video''', later split into '''Virgin Video''' and '''Virgin Films'''. | '''Vision Video Ltd.''' was a British home video distributor and former production company. The company was originally founded in 1975 as '''Virgin Rags Limited''', and renamed to '''Virgin Entertainments (holdings) Limited''' in 1978 after the company entered the theatrical market as '''Virgin Films & Video''', later split into '''Virgin Video''' and '''Virgin Films'''. | ||
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In July 1989, Virgin was acquired by Jonathan D. Krane's [[Management Company Entertainment Group]] from the Virgin Group, and was renamed '''MCEG Virgin Vision Limited'''. However, this buyout would soon prove to be a failure, and MCEG soon filed for Chapter 11 Bankruptcy in 1990. By this point, 85% of the company was sold to GE Capital with the remaining 15% stake was re-acquired by the Virgin Group. but then it later sold the remaining 15% to GE Capital. The company scaled down it's operations to video distribution only in the UK. | In July 1989, Virgin was acquired by Jonathan D. Krane's [[Management Company Entertainment Group]] from the Virgin Group, and was renamed '''MCEG Virgin Vision Limited'''. However, this buyout would soon prove to be a failure, and MCEG soon filed for Chapter 11 Bankruptcy in 1990. By this point, 85% of the company was sold to GE Capital with the remaining 15% stake was re-acquired by the Virgin Group. but then it later sold the remaining 15% to GE Capital. The company scaled down it's operations to video distribution only in the UK. | ||
In March 1991, GE Capital put Virgin Vision up for sale. Virgin soon sold their stake of the company to GE in | In March 1991, GE Capital put Virgin Vision up for sale. Virgin soon sold their stake of the company to GE in July 1991, who rebranded the business as '''Vision Video Ltd.''' within the same time, with the MCEG Virgin Vision company itself rebranding under the name by July 1992. In January 1993, [[PolyGram Filmed Entertainment (UK)|PolyGram Filmed Entertainment]] acquired the company with it's operations merged with it's home entertainment arm [[PolyGram Video (UK)|PolyGram Video]], making Vision Video Ltd. as a label. | ||
On December 10, 1998, Polygram Filmed Entertainment was sold to Seagram & Sons (the former owner of [[Universal Pictures]] which is now part of NBCUniversal). In 1999, [[Metro-Goldwyn-Mayer Studios|Metro-Goldwyn-Mayer]] acquired the pre-March 31, 1996 PolyGram Filmed Entertainment library, including the Virgin Vision/MCEG/Palace library. As for Vision Video Ltd. itself, the label continued to be used for budget releases after the rebranding of PolyGram Video UK as Universal Pictures UK, until it was fully retired. | On December 10, 1998, Polygram Filmed Entertainment was sold to Seagram & Sons (the former owner of [[Universal Pictures]] which is now part of NBCUniversal). In 1999, [[Metro-Goldwyn-Mayer Studios|Metro-Goldwyn-Mayer]] acquired the pre-March 31, 1996 PolyGram Filmed Entertainment library, including the Virgin Vision/MCEG/Palace library. As for Vision Video Ltd. itself, the label continued to be used for budget releases after the rebranding of PolyGram Video UK as Universal Pictures UK, until it was fully retired. | ||