New World Entertainment: Difference between revisions
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[[New World Pictures]] established '''New World Television''' and entered television production in 1984, when the soap opera ''Santa Barbara'' premiered on [[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). | [[New World Pictures]] established '''New World Television''' and entered television production in 1984, when the soap opera ''Santa Barbara'' premiered on [[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''', 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 | In 1987, New World acquired [[Learning Corporation of America]], [[Highgate Pictures]], and Marvel Comics and was renamed to '''New World Entertainment''', 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 division was slowly shut down and the company's home video assets were sold to [[Trans Atlantic Entertainment]], effectively shutting down the video division. In 1990, LCA and Highgate Pictures were shut down. | ||
In 1991, New World sold most of its non-Marvel program library to [[Sony Pictures Entertainment]], who used the library to relaunch [[TriStar Television]]. New World then acquired the bankrupt television stations group SCI Television in 1992 and was renamed to "New World Communications" in 1993 after folding GCI Broadcast Services. New World also purchased stakes in the distributor [[Genesis International|Genesis Entertainment]]. New World bought Brandon Tartikoff's production company, Moving Target Productions, when Tartikoff joined the company. New World acquired the remaining stakes of Genesis Entertainment in 1994 and reincorporated it as New World/Genesis Distribution. New World acquired [[Cannell Entertainment]] on July 31, 1995 for $30 million. | In 1991, New World sold most of its non-Marvel program library to [[Sony Pictures Entertainment]], who used the library to relaunch [[TriStar Television]]. New World then acquired the bankrupt television stations group SCI Television in 1992 and was renamed to "New World Communications" in 1993 after folding GCI Broadcast Services. New World also purchased stakes in the distributor [[Genesis International|Genesis Entertainment]]. New World bought Brandon Tartikoff's production company, Moving Target Productions, when Tartikoff joined the company. New World acquired the remaining stakes of Genesis Entertainment in 1994 and reincorporated it as New World/Genesis Distribution. New World acquired [[Cannell Entertainment]] on July 31, 1995 for $30 million. | ||