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TriStar Pictures
TriStar Pictures, Inc. (spelled as Tri-Star until 1991) is an American film studio and production company that is part of the Sony Pictures Motion Picture Group, which is part of the Japanese conglomerate Sony Group Corporation. The company was founded on March 2, 1982, as Nova Pictures, a joint venture of Columbia Pictures, CBS, and HBO, whose video units handled video, broadcast, and pay cable rights to its products. It was renamed a year later to Tri-Star to avoid confusion with the PBS series Nova.
Among its notable releases are Terminator 2: Judgment Day, Basic Instinct, Rambo: First Blood Part II, and Hollywood’s first Godzilla. The company scored box-office hits with modestly budgeted fare in the 1980s. It also cut fortuitous distribution deals with the Producers Sales Organization, Carolco Pictures and the Taft Entertainment Group; acquired Loews Theatres; and formed a television arm. Among the various hits TriStar scored on its own during the decade were About Last Night, The Muppets Take Manhattan, Real Genius, Nothing in Common, Peggy Sue Got Married, The Principal, Look Who's Talking and Steel Magnolias.
Columbia Pictures bought CBS' stake in the joint venture on November 15, 1985, and HBO's stake in 1986. On December 21, 1987, Tri-Star Pictures label was merged with Columbia Pictures Entertainment by The Coca-Cola Company, which owned 80% of CPE. In January 1988, CPE's stocks somewhat fell, and Coca-Cola decreased its shares in CPE to 49%. On April 13, 1988, the Tri-Star Pictures label was revived. On November 8, 1989, the Sony Corporation of Japan acquired Columbia Pictures Entertainment for $3.4 billion. On August 7, 1991, under Sony Pictures Entertainment, the hyphen was officially removed from the name of the studio.
During the 1990s, TriStar operated autonomously from Columbia. Although its products were mostly indistinguishable from that of its sister studio, it soon scored a string of hits at the box office with such films as Sleepless in Seattle, Philadelphia, The Mirror Has Two Faces, Jerry Maguire, As Good as It Gets, Bugsy and Jumanji, and it also scored a major video hit with Danny DeVito's Matilda. However, in 1998, the company fell on hard times following the box-office disappointment of its remake of the Japanese monster film Godzilla, and Sony quickly responded by merging the studio with Columbia to form the Columbia TriStar Motion Pictures Group. The TriStar name was subsequently used by Sony on a very limited basis until 2004, when the company decided to turn the studio into a genre label that specialized in acquisitions. In 2013, Sony formed TriStar Productions as a vehicle for film and television productions. TriStar Pictures is currently being used as a vehicle for distribution of films from that new entity and others from Sony Pictures.
TriStar Pictures is currently one of the five live-action labels of the Sony Pictures Motion Picture Group, alongside Columbia Pictures, Screen Gems, Sony Pictures Classics, and 3000 Pictures.
The concept for Tri-Star Pictures can be traced to Victor Kaufman, a senior executive of Columbia Pictures (then a subsidiary of the Coca-Cola Company), who convinced Columbia, HBO, and CBS to share resources and split the ever-growing costs of making movies, leading to the creation of a new joint venture on March 2, 1982. On May 16, 1983, it was given the name Tri-Star Pictures (when the new company was formed and did not have an official name, the press used the code-name "Nova", but the name could not be obtained as it was being used as the title for the PBS science series). Tri-Star embarked on a 12 to 18 feature film slate per year, with a combined budget of $70 to $80 million and signed producer Walter Colbenz as vice president of the Tri-Star feature film studio, and signed initial development deals with director John Schlesinger and producers Jeffrey Walker and Michael Walker. Tri-Star's first project to roll out was The Muppets Take Manhattan.
On May 11, 1984, Tri-Star's first produced film was released, The Natural starring Robert Redford. Tri-Star's first release, however, was the film, Where the Boys Are '84; a 1984 remake of the 1960 Metro-Goldwyn-Mayer (MGM) picture, Where the Boys Are that was co-distributed on behalf of ITC Entertainment after Universal rejected it; the film was a commercial flop.
Many of Tri-Star's productions were released on VHS by RCA/Columbia Pictures Home Video, HBO/Cannon Video, or CBS/Fox Video. In addition, HBO owned exclusive cable distribution rights to the films, with broadcast television licenses going to CBS.
TriStar Pictures
TriStar Pictures, Inc. (spelled as Tri-Star until 1991) is an American film studio and production company that is part of the Sony Pictures Motion Picture Group, which is part of the Japanese conglomerate Sony Group Corporation. The company was founded on March 2, 1982, as Nova Pictures, a joint venture of Columbia Pictures, CBS, and HBO, whose video units handled video, broadcast, and pay cable rights to its products. It was renamed a year later to Tri-Star to avoid confusion with the PBS series Nova.
Among its notable releases are Terminator 2: Judgment Day, Basic Instinct, Rambo: First Blood Part II, and Hollywood’s first Godzilla. The company scored box-office hits with modestly budgeted fare in the 1980s. It also cut fortuitous distribution deals with the Producers Sales Organization, Carolco Pictures and the Taft Entertainment Group; acquired Loews Theatres; and formed a television arm. Among the various hits TriStar scored on its own during the decade were About Last Night, The Muppets Take Manhattan, Real Genius, Nothing in Common, Peggy Sue Got Married, The Principal, Look Who's Talking and Steel Magnolias.
Columbia Pictures bought CBS' stake in the joint venture on November 15, 1985, and HBO's stake in 1986. On December 21, 1987, Tri-Star Pictures label was merged with Columbia Pictures Entertainment by The Coca-Cola Company, which owned 80% of CPE. In January 1988, CPE's stocks somewhat fell, and Coca-Cola decreased its shares in CPE to 49%. On April 13, 1988, the Tri-Star Pictures label was revived. On November 8, 1989, the Sony Corporation of Japan acquired Columbia Pictures Entertainment for $3.4 billion. On August 7, 1991, under Sony Pictures Entertainment, the hyphen was officially removed from the name of the studio.
During the 1990s, TriStar operated autonomously from Columbia. Although its products were mostly indistinguishable from that of its sister studio, it soon scored a string of hits at the box office with such films as Sleepless in Seattle, Philadelphia, The Mirror Has Two Faces, Jerry Maguire, As Good as It Gets, Bugsy and Jumanji, and it also scored a major video hit with Danny DeVito's Matilda. However, in 1998, the company fell on hard times following the box-office disappointment of its remake of the Japanese monster film Godzilla, and Sony quickly responded by merging the studio with Columbia to form the Columbia TriStar Motion Pictures Group. The TriStar name was subsequently used by Sony on a very limited basis until 2004, when the company decided to turn the studio into a genre label that specialized in acquisitions. In 2013, Sony formed TriStar Productions as a vehicle for film and television productions. TriStar Pictures is currently being used as a vehicle for distribution of films from that new entity and others from Sony Pictures.
TriStar Pictures is currently one of the five live-action labels of the Sony Pictures Motion Picture Group, alongside Columbia Pictures, Screen Gems, Sony Pictures Classics, and 3000 Pictures.
The concept for Tri-Star Pictures can be traced to Victor Kaufman, a senior executive of Columbia Pictures (then a subsidiary of the Coca-Cola Company), who convinced Columbia, HBO, and CBS to share resources and split the ever-growing costs of making movies, leading to the creation of a new joint venture on March 2, 1982. On May 16, 1983, it was given the name Tri-Star Pictures (when the new company was formed and did not have an official name, the press used the code-name "Nova", but the name could not be obtained as it was being used as the title for the PBS science series). Tri-Star embarked on a 12 to 18 feature film slate per year, with a combined budget of $70 to $80 million and signed producer Walter Colbenz as vice president of the Tri-Star feature film studio, and signed initial development deals with director John Schlesinger and producers Jeffrey Walker and Michael Walker. Tri-Star's first project to roll out was The Muppets Take Manhattan.
On May 11, 1984, Tri-Star's first produced film was released, The Natural starring Robert Redford. Tri-Star's first release, however, was the film, Where the Boys Are '84; a 1984 remake of the 1960 Metro-Goldwyn-Mayer (MGM) picture, Where the Boys Are that was co-distributed on behalf of ITC Entertainment after Universal rejected it; the film was a commercial flop.
Many of Tri-Star's productions were released on VHS by RCA/Columbia Pictures Home Video, HBO/Cannon Video, or CBS/Fox Video. In addition, HBO owned exclusive cable distribution rights to the films, with broadcast television licenses going to CBS.