Franchise Pictures: Difference between revisions

'''Franchise Pictures''' was an independent film company known for rescuing pet projects and their production of action films. Much of their output was negatively-reviewed and/or bombed at the box office. The company hit a major bump with the release of the wildly infamous ''Battlefield Earth'', which was slammed by critics, went drastically over-budget due to the company's embezzlements and marketing, and grossed only $29.7 million at the box office out of an overall $73 million budget. Already hit with major losses from the movie, Franchise was later sued into bankruptcy with accusations of purposely inflating the film's budget. The company, as well as subsidiary Phoenician Entertainment, closed in 2004, although many unproduced films they funded were released years afterwards.