Seven Arts Pictures

Last updated

Seven Arts Pictures
FormerlyPeter Hoffman Productions (1992-1997)
Company type Public company
OTC Pink  Current: SAPX
IndustryFilmmaking
Founded1992
FounderPeter Hoffman
HeadquartersLondon, United Kingdom
Area served
Worldwide
Key people
Hubert Gibbs (chairman of the board)
Peter Hoffman (CEO)
Michael Garstin (President)
Kate Hoffman (COO)
Elaine New (Finance Director)
ServicesFilm Making
Divisions Seven Arts International
Website www.7artspictures.com

Seven Arts Entertainment Inc. is a British independent film production company founded in 1992. Notable films that were made by Seven Arts are Stander , Asylum , Noise and more recently, Night of the Demons .

Contents

History

Seven Arts Pictures was founded in the early 1990s by former Carolco president and CEO Peter Hoffman as Peter Hoffman Productions. [1] In 1996, the studio came with a first look deal at Paramount Pictures. [2] Hoffman runs a separate production company Cine Visions, which had been merged with ICE in 1997. [3] Carolco had previously used the name Seven Arts as a joint venture with New Line Cinema to produce and release mid-budget films; when the partnership was dissolved, Hoffman took the name Seven Arts with him to start over. With offices in London, England and Los Angeles, California, Seven Arts is producing motion pictures worldwide with budgets ranking from $2 million to $15 million for exhibition in domestic (i.e., the United States and Canada) and foreign theatrical markets and for subsequent post-theatrical worldwide release in other forms of media, including Blu-ray and DVD, home video, pay-per-view, and free television. Mario Kassar had headed Carolco with Hoffman.

At one point, in the late 1990s, it was co-owned by CanWest Global Communications, who co-owned it with Peter and Susan Hoffman, with Canwest handling 35% of its share, and the Seven Arts International subsidiary, which was later absorbed into Fireworks Pictures. [4] In 1998, it was in negotiations with Rysher Entertainment to handle international rights to the project Onegin , with several deals across all territories.. [5] In 2002, the Seven Arts International label was rejigged, which handled international sales of the films. [6]

In 2004, Seven Arts Pictures plc became a listed company on Alternative Investment Market (AIM). After trading on AIM for 3 years, the company moved to Plus Markets from 2007 to 2009. In preparation to its entrance on the Nasdaq, Seven Arts Pictures plc was listed on the OTCBB from 2008 to 2009. Since 2009, Seven Arts Pictures plc has been trading on the Nasdaq under SAPX.

Seven Arts Pictures also has trading entities in the UK which have been put into liquidation owing investors millions of dollars.

Below are a list of recent UK companies[ clarification needed ]; most are in liquidation and are fronted by his daughter, Kate Hoffman:

Seven Arts had been implicated in major fraud by HM Revenue and Customs and also by many investors, claiming that Peter Hoffman's daughter is behind the many scams in the UK. [7]

In 2012, Seven Arts Pictures announced the creation of its new music division, Seven Arts Entertainment. This included the acquisition of musical assets by several multi platinum recording artists. Most notably is the rapper DMX whose next album was released in September 2012 titled Undisputed . The new music division of Seven Arts plans to sign deals with already established artists as well as up and coming artists.

The production slate of Seven Arts Pictures and third party producers are distributed through Seven Arts International.

Filmography

Controversy

Michael Arata, and Peter Hoffman were accused of conspiracy, wire fraud in New Orleans 7 February 2014. Investigators said Arata and Hoffman sought tax credits for money they fraudulently claimed had been spent on the property. [8]

Related Research Articles

<span class="mw-page-title-main">TriStar Pictures</span> American film studio

TriStar Pictures, Inc. is an American film studio and production company that is a member of the Sony Pictures Motion Picture Group, part of the multinational conglomerate Sony Group Corporation. It is a corporate sibling of fellow Sony studio, Columbia Pictures.

Artisan Entertainment was an American film studio and home video company. It was considered one of the largest mini-major film studios until it was purchased by later mini-major film studio Lions Gate Entertainment in 2003. At the time of its acquisition, Artisan had a library of thousands of films developed through acquisition, original production, and production and distribution agreements. Its headquarters and private screening room were located in Santa Monica, California. It also had an office in Tribeca in Manhattan, New York.

<span class="mw-page-title-main">Carolco Pictures</span> Defunct US independent film production company

Carolco Pictures, Inc. was an American independent film studio that existed from 1976 to 1995, founded by Mario Kassar and Andrew G. Vajna. Kassar and Vajna ran Carolco together until 1989, when Vajna left to form Cinergi Pictures. Carolco hit its peak in the 1980s and early 1990s, with blockbuster successes including the first three films of the Rambo franchise, Total Recall, Terminator 2: Judgment Day, Basic Instinct, Universal Soldier, Cliffhanger and Stargate. Nevertheless, the company was losing money overall and required a corporate restructuring in 1992. The 1995 film Cutthroat Island, intended to be a comeback for the studio, instead lost $147 million and brought the company to an end.

<span class="mw-page-title-main">Sony Pictures</span> American television and film studio

Sony Pictures Entertainment Inc. is an American diversified multinational mass media and entertainment studio conglomerate that produces, acquires, and distributes filmed entertainment through multiple platforms.

StudioCanal S.A.S. is a French film production and distribution company. The company is a subsidiary of the Canal+ Group, owned by Vivendi. As of May 2024 the company has 14 production companies in Europe and the US, and holds around 9,000 titles in its extensive film library.

Lions Gate Entertainment Corp., also known as Lions Gate Entertainment Corporation and doing business as Lionsgate, is a Canadian-American entertainment company. Founded in Canada, it was formed by Frank Giustra on July 10, 1997, domiciled in Vancouver, British Columbia. It is currently headquartered in Santa Monica, California.

<span class="mw-page-title-main">Walt Disney Studios Motion Pictures</span> American film distribution studio

ABC Inc., doing business as Walt Disney Studios Motion Pictures, previously known as Buena Vista Pictures Distribution Inc., is an American film distributor within the Disney Entertainment division of the Walt Disney Company. It handles theatrical and occasional digital distribution, marketing and promotion for films produced and released by the Walt Disney Studios, including Walt Disney Pictures, Walt Disney Animation Studios, Pixar, Marvel Studios, Lucasfilm, and 20th Century Studios; the Searchlight Pictures label operates its own autonomous theatrical distribution and marketing unit.

Sony Pictures Home Entertainment Inc. is the home entertainment distribution division of Sony Pictures Entertainment, a subsidiary of Sony.

<span class="mw-page-title-main">Mario Kassar</span> American film producer

Mario F. Kassar is a Lebanese-American film producer and industry executive who produced the first three films of the Rambo series, Terminator 2: Judgment Day, Total Recall, The Doors, Angel Heart, Jacob's Ladder, Rambling Rose, Basic Instinct, Universal Soldier, Chaplin, Showgirls, and Stargate, among other films.

<span class="mw-page-title-main">Cinergi Pictures</span> Film production company

Cinergi Pictures Inc. was an American independent film production company founded by Andrew G. Vajna in 1989, after he had sold his interest in his first production company, Carolco International Pictures. The company had a number of major hit films, most notably Tombstone, Die Hard with a Vengeance and Evita. However, the majority of their films lost money. A string of box office bombs – including Super Mario Bros., Renaissance Man, Color of Night, Judge Dredd, and Burn Hollywood Burn – ultimately did the company in, and it was dissolved in 1998. Cinergi Pictures' library is now owned by Disney.

<span class="mw-page-title-main">Universal Pictures Home Entertainment</span> Home video distribution division of Universal Pictures

Universal Pictures Home Entertainment LLC is the home video distribution division of Universal Pictures, an American film studio, owned by NBCUniversal, which is owned by Comcast.

Hemdale Film Corporation was an independent American-British film production company and distributor. The company was founded in London in 1967 as the Hemdale Company by actor David Hemmings and John Daly, naming the company from a combination of their surnames. The company produced numerous acclaimed films, often in conjunction with companies such as TriStar and Orion Pictures, including The Terminator (1984), Platoon (1986) and The Last Emperor (1987), the latter two being back-to-back winners of the Academy Award for Best Picture.

<span class="mw-page-title-main">Fireworks Entertainment</span> Canadian-British television and film production company

Fireworks Entertainment was an independent studio originally founded in 1991 by Brian K. Ross and later bought out by Jay Firestone in 1996 to produce, distribute and finance television shows and feature films.

<span class="mw-page-title-main">Guild Home Video</span> UK video distribution company

Guild Home Video (GHV) or Guild Film Distribution was one of the first video distribution companies to start operating in the UK. Unlike other independent labels such as Intervision or Videoform, GHV not only survived for a very long time, but continued to grow, eventually becoming a video distributor for independent studios such as Carolco, New Line Cinema, Cannon, and Lorimar. The videos were released by Video Collection International and PolyGram Video.

<span class="mw-page-title-main">BBC Studios</span> British production company

BBC Studios Limited is a British content company. It is a commercial subsidiary of the BBC that was formed in April 2018 through the merger of the BBC's commercial production arm and the BBC's commercial international distribution arm, BBC Worldwide. BBC Studios creates, develops, produces, distributes, broadcasts, finances and sells content around the world, returning around £200 million to the BBC annually in dividends and content investment.

<span class="mw-page-title-main">Alliance Films</span> Canadian motion picture distribution/production company

Alliance Films was a Canadian motion picture distribution and production company.

<span class="mw-page-title-main">All3Media</span> British content production and distribution company

All3Media Limited is a British worldwide independent television, film, and digital production and distribution company based in London. The All3Media group comprises more than 50 production and distribution companies and labels from across the United Kingdom and all other parts of Europe, New Zealand and the United States.

<span class="mw-page-title-main">Arnold Kopelson</span> American film producer

Arnold Kopelson was an American film producer.

<span class="mw-page-title-main">Lionsgate Canada</span> Canadian entertainment company

Lionsgate Canada is a Canadian entertainment company and a subsidiary of Lionsgate Studios Corp.. Based in Toronto, Ontario, the company is primarily involved in the acquisition and production of films and television series.

References

  1. "Cash crunch: Carolco Pictures Inc., known for..." Chicago Tribune. Retrieved 28 September 2021.
  2. Hindes, Andrew (27 December 1996). "Par, Peter Hoffman in 4-pic pact". Variety. Retrieved 28 September 2021.
  3. "Cine Visions, ICE team up". Variety . 14 May 1997. Retrieved 28 September 2021.
  4. Moerk, Christian (17 December 1999). "Full slate for 7Arts". Variety. Retrieved 23 November 2021.
  5. Dawtrey, Adam; Carver, Benedict (11 September 1998). "7 Arts closing in on 'Onegin'". Variety. Retrieved 25 November 2021.
  6. Dunkley, Cathy; Harris, Dana (24 April 2002). "Seven Arts polishes int'l sales for Lamping". Variety. Retrieved 25 November 2021.
  7. "Financial Times, Zeus Capital co-founder to be charged over tax scheme". Financial Times. 7 January 2016.
  8. "2 indicted in film tax credit investigation". WDSU. 8 February 2014. Retrieved 18 February 2019.