Cannon Films: Difference between revisions

'''Cannon Films''' (also known as '''The Cannon Group, Inc.''' and '''Cannon Pictures''') was a film studio that produced low-to medium-budget films from 1967 to 1993. The studio was formed by Dennis Friedland and Christopher C. Dewey on October 23, 1967. In 1979, Cannon was sold to Israeli cousins Menahem Golan and Yoram Globus, who had produced a few Israeli films such as ''Operation Thunderbolt'' (''Mivtsa Yonatan'', English translation: "''Operation Jonathan''") and the teen comedy ''Lemon Popsicle'' (''Eis am Steil'') before coming to the United States in 1979. During that year, they bought a controlling interest in Cannon Films and forged a business model of buying "bottom-barrel" scripts and putting them into production. In 1989, Cannon was acquired by Giancarlo Parretti and was renamed as Pathé Communications (this company was not connected with the French studio [[Pathé]], although Parretti gave the company its name because he was going to purchase the latter studio, but was blocked by the French government). Parretti later acquired [[MGM/UA Communications Co.]] in 1990 and the two companies were merged to form "MGM-Pathé Communications Co.". Menahem Golan left the company to form a new studio, [[21st Century Film Corporation]]. In 1993, Cannon was folded into [[Metro-Goldwyn-Mayer]].