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New World Entertainment: Difference between revisions
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===Background=== | ===Background=== | ||
[[New World Pictures]] established '''New World Television''' and entered television production in 1984, when the soap opera ''Santa Barbara'' premiered on [[NBC | [[New World Pictures]] established '''New World Television''' and entered television production in 1984, when the soap opera ''Santa Barbara'' premiered on [[NBC |NBC]]. A year later, Roger Corman sold New World for $16.5 million to Larry Kupin, Harry E. Sloan, and Larry A. Thompson. The studio also formed New World International (for international television distribution), and [[New World Video]] (for home video releases). | ||
In 1987, New World acquired [[Learning Corporation of America]], [[Highgate Pictures]], and Marvel Comics and was renamed to '''New World Entertainment''' in 1987, but started to face financial problems in 1989. First, Marvel Comics was sold to Ronald Perelman and within months, Perelman acquired New World as well. New World's movie and home video divisions were shut down. In 1990, LCA and Highgate Pictures were shut down. | In 1987, New World acquired [[Learning Corporation of America]], [[Highgate Pictures]], and Marvel Comics and was renamed to '''New World Entertainment''' in 1987, but started to face financial problems in 1989. First, Marvel Comics was sold to Ronald Perelman and within months, Perelman acquired New World as well. New World's movie and home video divisions were shut down. In 1990, LCA and Highgate Pictures were shut down. | ||