The Guber-Peters Entertainment Company: Difference between revisions

'''The Guber-Peters Entertainment Company''' was founded in 1983 by Peter '''Guber''' and Jon '''Peters''' as a film production company known as "The Guber-Peters Company"; Guber was the founder of PolyGram Pictures (later revived in 1986 as "[[PolyGram Filmed Entertainment|PolyGram Filmed Entertainment]]") while Peters co-headed PolyGram starting in 1980, and both men co-founded [[Vision P.D.G. International]] with Mark Damon. They entered television production in 1984. In January 1988, the Guber-Peters Company merged with Barris Industries, Inc. and became Barris/Guber-Peters, which was later renamed to "The Guber-Peters Entertainment Company" on September 7, 1989. On September 29, 1989, Sony Corporation approached Guber and Peters to become the heads of [[Columbia Pictures|Columbia Pictures Entertainment]]. However, [[Warner Bros. Pictures|Warner Bros.]]' boss, Steve Ross threatened to sue Sony for for $1 billion for breach of contract, because Guber and Peters were under contract with Warner Bros. GPEC was acquired on November 9, 1989 by Sony for $200 million, a day after Sony acquired Columbia Pictures Entertainment for $3.4 billion. The suit was dismissed when Sony sold half of its interest in Columbia House as well as distribution rights to films by [[Weintraub Entertainment Group]] to WB and Sony acquiring the historic [[Metro-Goldwyn-Mayer Studios|MGM]] lot from Time Warner in 1990. On November 5, 1990, Guber-Peters Television was folded into [[Columbia Pictures Television|Columbia Pictures Television Distribution]] (now "[[Sony Pictures Television]]"). Guber-Peters Television acted as a in-name partner for the TV movie ''Switched At Birth''. The final TV movie was ''Christmas On Division Street'' and was aired on December 15, 1991 on CBS. The Guber-Peters Entertainment Company however, remained as a production company of Sony Pictures Entertainment. As of September 21, 1993, the Guber-Peters Entertainment Company is now known as "GPEC Inc." as an in-name-only unit of Columbia Pictures. Guber and Peters later individually formed [[Mandalay Pictures]] and [[Peters Entertainment]].