Vision Video Ltd.: Difference between revisions
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The company mostly released VHS tapes of concerts and eventually went onto to release cult films. Virgin Films produced films that would on their own behalf become cult classics as well. [[20th Century Fox]]'s UK division initially distributed their films theatrically before the company started self-distributing them. By 1983, the company went under the '''Virgin Vision Limited''' name, still using Virgin Video and Virgin Films as brands. | The company mostly released VHS tapes of concerts and eventually went onto to release cult films. Virgin Films produced films that would on their own behalf become cult classics as well. [[20th Century Fox]]'s UK division initially distributed their films theatrically before the company started self-distributing them. By 1983, the company went under the '''Virgin Vision Limited''' name, still using Virgin Video and Virgin Films as brands. | ||
By the mid-1980s, the company was known as '''Virgin [[Palace Video|Palace]] Video''' and later '''Palace Virgin Gold Distribution Limited''' after entering into a partnership with Stephen Woolley's Palace Video. In 1987, in order to increase its global presence, the company launched its U.S. subsidiary, first distributing tapes through [[Continental Video]], then with its own American subsidiary '''Virgin Vision, Inc.'''. | By the mid-1980s, the company was known as '''Virgin [[Palace Video (UK)|Palace]] Video''' and later '''Palace Virgin Gold Distribution Limited''' after entering into a partnership with Stephen Woolley's Palace Video. In 1987, in order to increase its global presence, the company launched its U.S. subsidiary, first distributing tapes through [[Continental Video]], then with its own American subsidiary '''Virgin Vision, Inc.'''. | ||
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'''. It also combined M.C.E.G.'s existing American video operations, namely '''MCEG Home Video''' and [[Forum Home Video]] with its existing Virgin American unit into one company under the name of '''MCEG Virgin Home Entertainment'''. 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, while shutting down operations in other countries, namely the U.S. and Australia. | 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'''. It also combined M.C.E.G.'s existing American video operations, namely '''MCEG Home Video''' and [[Forum Home Video]] with its existing Virgin American unit into one company under the name of '''MCEG Virgin Home Entertainment'''. 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, while shutting down operations in other countries, namely the U.S. and Australia. | ||