Savoy Pictures

Last updated
Savoy Pictures Entertainment, Inc.
IndustryIndependent film studio, television station holdings company
Fateacquired by IAC/Interactive Corporation, library now owned by Universal Studios via Focus Features
Founded1992
FounderVictor Kaufman
Defunct1997
Headquarters
United States
Key people
Victor A. Kaufman
Lewis J. Korman
ProductsMotion Pictures
Owner IAC (1995–1997)
Number of employees
16 (1997)
Subsidiaries HBO Savoy Video
Savoy Pictures Television
SF Broadcasting

Savoy Pictures Entertainment, Inc. was an American independent motion picture company in operation from 1992 to 1997. Among Savoy Pictures' noteworthy feature films were A Bronx Tale , No Escape , Last of the Dogmen and Serial Mom .

Contents

History

Former Columbia Pictures Entertainment chairman and TriStar Pictures founder Victor A. Kaufman became chairman and chief executive officer of Savoy Pictures in 1992 along with vice chairman executive, Lewis J. Korman. Kaufman has claimed that the name came from the Savoy Special bat Robert Redford's character used in The Natural . [1] Savoy intended to finance and distribute films in the $12–25 million range, investing in up to $15 million per film. [2] In June of that year, Savoy entered into a deal with HBO for the home video, pay-TV, and pay-per-view rights to its films. [3]

Budgets for their films grew. However, with rather poor marketing, Savoy faced a major financial slump, only three years after being formed. For three years, Savoy then released box office failures including Exit to Eden and Getting Away with Murder . It also didn't help that two of its competitors in the independent film field, Miramax and New Line Cinema, were bought out by majors (The Walt Disney Company and Turner Broadcasting, respectively), giving them stability. As a result, Savoy focused on low-budget films and the occasional blockbuster, costing up to $80 million. [2] Executives hoped to lure Sylvester Stallone with a then-hefty $20 million paycheck to star in a studio project that was ultimately never made. [2]

In the meantime, Savoy expanded into broadcasting to help the investment of films. In March 1994, Savoy created SF Broadcasting as a venture with Fox Television Stations, with Kaufman and Korman owning controlling interest. [4] As a result of purchasing these stations, all of them would become affiliates of the Fox network. Stations owned by SF Broadcasting were WALA-TV in Mobile, Alabama, WLUK-TV in Green Bay, Wisconsin, WVUE in New Orleans, and KHON-TV in Honolulu, Hawaii. Savoy also launched a television production division. [5]

In January 1995, Kaufman announced that he was hiring Robert N. Fried to run the motion picture studio. Fried brought in executives Alan Sokol, Bob Levin, Cathy Schulman, Stan Brooks, Stan Wlodkowski and filmmakers Sam Raimi, and George Tillman, Rob Weiss and Peter Chelsom. In September 1995, Kaufman announced that he was cutting back on his interest in the motion picture business and was re-positioning the company as a television station holding company. [6]

Shortly thereafter, Savoy announced the sale of 14 films in its roster, in varying stages of production, to potential buyers. [7] New Line Cinema picked up Martin Lawrence's directorial debut A Thin Line Between Love and Hate , American History X , The Adventures of Pinocchio , Heaven's Prisoners , Faithful , and The Stupids . [8] [9] [10] Paramount Pictures picked up the rights to produce A Simple Plan . [11]

Savoy Pictures announced in November 1995 that Barry Diller's Silver King Communications was going to acquire Savoy for $210 million. [12] The deal was finalized in 1997. Victor Kaufman is now[ when? ] vice chairman and sits on the board of directors of IAC. The SF stations were sold to Diller's Silver King Broadcasting in 1997.

Cineplex Odeon Films was the Canadian distributor for Savoy films, then Alliance Films became the Canadian distributor after New Line Cinema picked up the later films from 1996.

In 2006, the Savoy library was purchased by Universal Studios through Focus Features.

Films

Release DateTitleNotes
September 29, 1993 A Bronx Tale First Savoy film, co-production with TriBeCa Productions
December 25, 1993 Shadowlands US distributor; co-production with Price Entertainment and Spelling Bee International, Paramount Pictures distributed in UK
March 11, 1994 Lightning Jack US distributor only; co-production with Village Roadshow and Buena Vista Pictures
April 13, 1994 Serial Mom Co-production with Polar Entertainment Corporation
April 29, 1994 No Escape USA/Canada and UK distributor; co-production with Allied Filmmakers, Pacific Western; Columbia Pictures handled international distribution rights
October 14, 1994 Exit to Eden
February 24, 1995 The Walking Dead
March 15, 1995 Circle of Friends US distribution; Rank Organisation distribution in UK and Cineplex Odeon Films distributed in Canada
April 28, 1995 Destiny Turns on the Radio Distribution; co-production with Rysher Entertainment
May 24, 1995 Tales from the Hood Distribution only; co-production with 40 Acres and a Mule Filmworks
August 25, 1995 Dr. Jekyll and Ms. Hyde US distributor; co-production with Rastar and Rank Organisation
August 25, 1995 The Show Co-production with Rysher Entertainment
September 8, 1995 Last of the Dogmen US distributor; co-production with Carolco Pictures. Pathé distributed internationally
September 22, 1995 Bleeding Hearts Distribution; co-production with Peacock Films
September 29, 1995 Steal Big Steal Little
October 27, 1995 Three Wishes Co-production with Rysher Entertainment
November 17, 1995 Let It Be Me
December 1, 1995 White Man's Burden Co-production with Rysher Entertainment and UGC
April 3, 1996 Faithful Co-producer; New Line Cinema, Miramax Films and TriBeCa Productions
April 5, 1996 A Thin Line Between Love and Hate Co-production with New Line Cinema
April 12, 1996 Getting Away with Murder
May 17, 1996 Heaven's Prisoners producer; distribution by New Line Cinema
July 26, 1996 The Adventures of Pinocchio International distributor; co-production with New Line Cinema and The Kushner-Locker Company
August 30, 1996 The Stupids Co-production with New Line Cinema and Rank Film distributors
December 11, 1998 A Simple Plan Last Savoy Film. International distribution; co-production with Mutual Film Company, Paramount Pictures, Tele-München and BBC

Related Research Articles

Columbia Pictures Industries, Inc. is an American film studio and production company that is a member of the Sony Pictures Motion Picture Group, a division of Sony Entertainment's Sony Pictures Entertainment, itself a subsidiary of the Japanese multinational conglomerate Sony.

Frank Jordan

Francis Michael Jordan is an American politician, former police chief, former mayor of San Francisco and a foundation executive.

Universal Television LLC is an American television production company that is a subsidiary of NBCUniversal Television and Streaming, a division of Comcast's NBCUniversal. A substantial portion of the company's shows air on NBC, making the company its de facto television production division. It was formerly known as Revue Studios, Universal-International Television, MCA/Universal, MTE Inc., NBC Productions, NBC Studios, Studios USA Television LLC, Universal Network Television, Universal Domestic Television, USA Cable Entertainment, NBC Universal Television Studio, and Universal Media Studios. Re-established in 2004, both NBC Studios and the original Universal Network Television are predecessors of Universal Media Studios, formerly known as NBC Universal Television Studio.

Barry Diller American businessman

Barry Charles Diller is an American businessman. He is Chairman and Senior Executive of IAC/InterActiveCorp and Expedia Group and founded the Fox Broadcasting Company and USA Broadcasting. Diller was inducted into the Television Hall of Fame in 1994.

WALA-TV Fox affiliate in Mobile, Alabama

WALA-TV, virtual channel 10, is a Fox-affiliated television station licensed to Mobile, Alabama, United States and also serving Pensacola, Florida. The station is owned by the Meredith Local Media subsidiary of Des Moines, Iowa-based Meredith Corporation. WALA-TV's studios are located on Satchel Paige Drive in Mobile, with an additional studio and news bureau on Executive Plaza Drive in Pensacola. The station's transmitter is located in Spanish Fort, Alabama.

Sony Pictures Home Entertainment is the home video distribution division of Sony Pictures Entertainment, a subsidiary of Japanese conglomerate Sony Corporation.

New World Pictures American independent film production, film distribution company

New World Pictures was an American independent production, distribution and multimedia company. It was founded in 1970 by Roger Corman as New World Pictures, Ltd.: a producer and distributor of motion pictures, eventually expanding into television production in 1984. New World eventually expanded into broadcasting with the acquisition of seven television stations in 1993, with the broadcasting unit expanding through additional purchases made during 1994.

KFSF-DT UniMás TV station in Vallejo, California

KFSF-DT, virtual channel 66, is a UniMás owned-and-operated television station licensed to Vallejo, California, United States and serving the San Francisco Bay Area. The station is owned by the Univision Local Media subsidiary of Univision Communications, as part of a duopoly with San Francisco-licensed Univision owned-and-operated station KDTV-DT. The two stations share studios on Zanker Road near the North San Jose Innovation District in San Jose; KFSF's transmitter is located atop Sutro Tower in San Francisco.

Legendary Pictures Productions, LLC, doing business as Legendary Entertainment or simply Legendary, is a Chinese owned American film production and mass media company based in Burbank, California. The company was founded by Thomas Tull in 2000 and in 2005 concluded an agreement to co-produce and co-finance films with Warner Bros. and Universal Pictures. Since 2016, Legendary has been a subsidiary of the Chinese conglomerate Wanda Group.

DEN was a multimedia dot-com company founded in the late-1990s by Marc Collins-Rector and his partner, Chad Shackley. Rector and Shackley had sold their ISP, Concentric Network, and used the proceeds of that sale, along with additional investor funding, to launch DEN. In February 1999, Jim Ritts resigned as commissioner of the LPGA to become chairman of DEN.

Sonar Entertainment, Inc., formerly known as RHI Entertainment, Hallmark Entertainment, Qintex Entertainment, HRI Group and Robert Halmi Inc., is an American entertainment company specializing in television miniseries and movies and owned by Catalyst Capital Group. The company was founded in 1979 by Robert Halmi Jr. and Robert Halmi Sr. (1924–2014) as Robert Halmi, Inc. The company uses the direct-to-series model for TV series.

De Laurentiis Entertainment Group (DEG) was an entertainment production company and distribution unit founded by Italian producer Dino De Laurentiis. The company is notable for producing Manhunter, Blue Velvet, the horror films Near Dark and Evil Dead II, King Kong Lives, and Bill & Ted's Excellent Adventure, as well as distributing The Transformers: The Movie.

The Times Mirror Company was an American newspaper and print media publisher from 1884 until 2000.

The Sports Club/LA is a collection of large luxury health clubs located in Los Angeles, New York and major metropolitan cities across the United States.

Viacom (1952–2006) American media conglomerate in operation from 1952–2006

The first incarnation of Viacom Inc. was an American media conglomerate. It began as CBS Films, the syndication division of the CBS television network in 1952; it was renamed CBS Enterprises in 1968, renamed Viacom in 1970, and spun off into its own company in 1971. Viacom was a distributor of CBS television series throughout the 1970s and 1980s, and also distributed syndicated television programs.

Stephen B. Burke is an American businessman. He serves as the senior executive vice president of Comcast and chairman of NBCUniversal.

SF Broadcasting was an American media company that owned and operated four television stations; the company operated from its founding March 1994, four months before its purchased stations owned by Burnham Broadcasting, until its merger with Silver King Broadcasting in 1996.

Thomas Philip Pollock was an American film producer and studio executive. He started his career as an entertainment lawyer, before transitioning to a studio executive and film producer. He was the Chairman of the Board of Trustees of the American Film Institute, an Adjunct Professor of Film at the University of California, Santa Barbara, a trustee of the Los Angeles Music Center and a member of the California Bar Association. He was also co-owner of The Montecito Picture Company.

Marcia Ross

Marcia S. Ross is an American casting director and documentary producer.

NetHold is a Pay TV company based in the Netherlands. As of 1997, the company merged with CANAL+ and is directed by Johann Rupert, chairman of Richemont.

References

  1. "Victor Kaufman – Savoy Pictures and Home Shopping Network". Vimeo. Retrieved 2016-09-08.
  2. 1 2 3 Fabrikant, Geraldine. Savoy Pictures' High and Low Roads. The New York Times (January 18, 1995)
  3. Lippman, John (June 16, 1992). "Savoy Pictures and HBO Cut a Film Deal". Los Angeles Times. Retrieved October 15, 2018.
  4. THE MEDIA BUSINESS; Savoy and Fox TV Venture. The New York Times (March 18, 1994)
  5. COMPANY TOWN : Savoy Pictures Names Stanley Brooks to Head Its Television Production Division. The Los Angeles Times (May 9, 1995)
  6. Savoy Pictures To Focus on TV. The Los Angeles Times (September 18, 1995)
  7. "Savoy leaves the spotlight" . Retrieved 2016-09-08.
  8. Abramovitch, Ingrid (1997-03-09). "Lost Without a Screen: the Fate of 'Orphan' Films". The New York Times. ISSN   0362-4331 . Retrieved 2016-09-08.
  9. Goldstein, Patrick (1998-09-13). "Courting Trouble". Los Angeles Times. ISSN   0458-3035 . Retrieved 2016-09-08.
  10. BATES, JAMES (1995-11-21). "COMPANY TOWN : New Line Gains Domestic Rights to 4 Savoy Films". Los Angeles Times. ISSN   0458-3035 . Retrieved 2016-09-08.
  11. "ILL-FATED `SIMPLE PLAN' OFF AGAIN. - Free Online Library". www.thefreelibrary.com. Retrieved 2016-09-08.
  12. Peers, Martin (November 28, 1995). "Diller deal bails out Savoy stock". Daily Variety . p. 1.