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69-484: New World Pictures (also known as New World Entertainment and New World Communications Group, Inc. ) was an American independent production , distribution , and (in its final years as an autonomous entity) multimedia company . It was founded in 1970 by Roger Corman and Gene 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

138-773: A "one time hit" or an ongoing "entertainment franchise " that can be continued, remade, rebooted , or expanded into other sister industries; such as the video game industry (see Star Wars , Star Trek ). Entertainment projects can be either an original or an adaptation from another industry. In rare occasional cases, a few troubled major studios would also shed their distribution and/or marketing staffs, mainly due to reduced resources, and resort to co-investing and/or co-distributing film projects with larger studios, operating as virtual, production-only movie studios. Notable examples include legendary studio Metro-Goldwyn-Mayer , which, after many years of box office flops (mostly with low budgets), bad management and distribution, and bankruptcy,

207-738: A 20% interest in New World for $ 500 million. New World was approached by Fox in part due to the group's expanding presence in several primary and secondary markets of NFC teams. New World, meanwhile, was concerned about the effect that the network's loss of NFC rights to Fox would have on both CBS, which was near the bottom of the network ratings at the time, and on the group's CBS-affiliated stations. The stations that became Fox affiliates had to acquire or produce additional programming to fill their broadcast days, as Fox programmed significantly fewer hours of network content (prime time programming for two hours on Monday through Saturdays and three hours on Sundays,

276-547: A UHF station) also did not switch as Fox was already affiliated with a VHF station in the San Diego market, Tijuana , Baja California , Mexico -based XETV-TV (channel 6). Both KNSD and WVTM retained their NBC affiliations, although in 1995 its contract was renewed for ten years. New World planned to sell all three stations as well, in order to comply with the FCC's twelve-station ownership limit. In November 1994, New World sold WSBK-TV to

345-718: A big success with Time Bandits which Avco picked up from Britain. Other hits included Phantasm , The Onion Field and Watership Down . Flops included Winter Kills , Death Ship and Hog Wild . In December 1981, Avco was bought by Norman Lear and Jerry Perenchio. In June 1981, Rehme joined Universal Pictures , becoming president of the Theatrical Motion Picture Group in December 1982. He quit in December 1983. In 1983, he became co-chairman and chief executive officer of New World Entertainment, Inc until 1989. In 1989, Rehme and producer Mace Neufeld co-founded

414-614: A company partially related to Argyle Television Holdings II, which merged with Hearst Broadcasting to form Hearst-Argyle Television in 1997 – acquiring its four stations: CBS affiliates KTBC-TV (channel 7) in Austin, Texas , and KDFW-TV (channel 4) in Dallas ; NBC affiliate WVTM-TV (channel 13) in Birmingham, Alabama ; and ABC affiliate KTVI (channel 2) in St. Louis . Then, New World acquired four of

483-405: A contract) or as a subsidiary for an entertainment company, motion picture company, television network, or all, and are generally smaller than the company they are partnered with. A book to film unit is a unit of a book publishing company for the purposes of getting books that they published adapted into film . Films have been using books as a prime source for films for years. In 2012, six out of

552-609: A development and co-finance plan. Macmillan Films was launched by Thomas Dunne Books in October 2010 under the packaging model similar to Alloy while also moving to get film rights from Dunne's published author. Also that year, Random House changed their strategy to film development and packaging only. Condé Nast Entertainment was started by Magazine publisher Conde Nast in October 2012. In 2013, Macmillan Films became Macmillan Entertainment with an expansion to look at other divisions' book for possible films. A production company

621-449: A multi-year affiliation agreement in which New World would switch most of its television stations to the network beginning that fall. The deal would include most of the stations that New World was in the midst of acquiring from Argyle and Citicasters, with all of the affected stations joining Fox after existing affiliation contracts with their then-current network partners concluded. In exchange, Fox parent News Corporation agreed to purchase

690-521: A newly formed production company founded by a consortium of former New World executives (Trans-Atlantic was sold to Lakeshore Entertainment in 1996). Highgate Pictures and Learning Corporation of America were shut down in 1990. On October 7, 1991, New World sold much of its "network" television assets to Sony Pictures Entertainment , who used these assets to relaunch TriStar Television . Some television programs produced by New World such as Santa Barbara and The Wonder Years would remain in production by

759-465: A private corporate investment entity (see Legendary Pictures ). Their only source of profit comes from the productions they produce. Because entertainment and media are currently in "high demand", a production company can profit if its management is capable of using its resources to supply good quality products and services to the public. Many entertainment production companies brand their entertainment projects. An entertainment project can either become

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828-451: A production. The entertainment industry is centered on funding (investments from studios, investment firms, or individuals either from earnings from previous productions or personal wealth), projects (scripts and entertainment franchises), and talent ( actors , directors, screenwriters , and crew). Production companies are judged and ranked based on the amount of funding it has, as well the productions it has completed or been involved with in

897-574: A secondary Tampa affiliate in Sarasota -based WWSB ). The concurrent purchases of WBRC and WGHP posed issues as, at the time, the Federal Communications Commission (FCC) only allowed a single company to own a maximum of 12 television stations nationwide (the Argyle and Citicasters purchases, combined with the seven stations it earlier acquired from SCI Television, would have given New World

966-445: A self-publishing vanity press which are paid services. Both large and small production studios have an editorial board or editor-in-chief , along with other forms of a command hierarchy . Entertainment companies operate as mini conglomerate , operating many divisions or subsidiaries in many different industries. Warner Bros. Entertainment and Lionsgate Entertainment are two companies with this corporate structure. It allows for

1035-426: A single company to maintain control over seemingly unrelated companies that fall within the ranges of entertainment, which increases and centralises the revenue into one company (example: a film production company, TV production company, video game company, and comic book company are all owned by a single entertainment company). A motion picture company, such as Paramount Pictures , specializing "only" in motion pictures

1104-508: A station. Three New World stations were excluded from the Fox affiliation deal. In Boston, where New World owned WSBK-TV, Fox was already affiliated with WFXT (channel 25). WVTM was exempted in Birmingham, as, in the summer of 1995, New World sold WBRC as well as WGHP to Fox Television Stations , with WBRC switching to Fox after its affiliation contract with ABC expired on August 31, 1996. KNSD (also

1173-504: A total of 15 stations) and in the case of Birmingham, New World could not keep WBRC and WVTM in any event, as the FCC forbade common ownership of two television stations in the same market . As a result, following the completion of the Citicasters station purchases in late March 1995, New World placed WBRC and WGHP in a blind trust and sought buyers for both stations. The biggest deal involving New World Communications would aid in changing

1242-657: Is an American film producer whose credits include the films Patriot Games , Clear and Present Danger and The General's Daughter . In 1961, he was manager of RKO Theatres in Cincinnati and in 1969 he joined United Artists 's advertising department. In 1976, he formed his own exhibition and distribution firm but later joined New World Pictures as vice president and general sales manager in February 1978. He joined Avco Embassy Pictures in December 1978 as vice-president and chief operating officer. In November 1979, he

1311-402: Is considered to be a small production company. These companies often work with up and coming talent. Small production companies will either grow to become a major production company, a subsidiary completely owned by another company, remain small, or fail. The success of an entertainment production company is centered on the projects it produces, the talent it can acquire, and the performance of

1380-442: Is only connected with its other counterpart industries through its parent company. Instead of performing a corporate reorganization, many motion picture companies often have sister companies they collaborate with in other industries that are subsidiaries owned by their parent company and is often not involved in the making of products that are not motion picture related. A film production company can either operate as an affiliate (under

1449-410: Is owned by Paramount Global ). Alloy Entertainment while not a unit of a publisher started using a book packaging to film model of film and TV development by developing the property in-house, hire authors for the books and films, so as to own the property. Random House was the first big six book publisher to establish a book to film unit, Random House Films , in 2005 with a Focus Features deal under

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1518-448: Is usually run by a producer or director, but can also be run by a career executive. In entertainment, a production company relies highly on talent or a well known entertainment franchise to raise the value of an entertainment project and draw out larger audiences. This gives the entertainment industry a democratized power structure to ensure that both the companies and talent receive their fair share of pay and recognition for work done on

1587-498: The Big Three broadcast television networks (ABC, CBS and NBC) and therefore had higher value with advertisers (compared to its predominately UHF affiliate body, the vast majority of which were independent stations before joining the network), in an effort to bolster the network's newly acquired package of NFL game telecasts. Shortly after the Citicasters acquisition announcement, on May 23, 1994, New World Communications and Fox reached

1656-467: The Paramount Stations Group subsidiary of Viacom for $ 100 million. Later that year, Brandon Tartikoff , who helped NBC out of its ratings doldrums in the 1980s in his former role as President of Entertainment at NBC, joined New World Communications in an executive position; concurrently, New World acquired Tartikoff's production company Moving Target Productions. New World also acquired

1725-613: The United States ; New World Television , a production unit focusing on television programs (the first television programs produced by the unit were the soap opera Santa Barbara and the made-for-TV movie Playing With Fire ); and New World Video , which would handle home video distribution of films produced mainly by New World Pictures. It would eventually see success of its video division in its first few months of its operation. In May 1986, New World acquired post-production facility Lions Gate Studios for $ 4.4 million. That November

1794-584: The acquisition of 21st Century Fox by The Walt Disney Company , the copyrights to the New World library were transferred to TFCF America, Inc., a subsidiary of The Walt Disney Company , effective March 20, 2019, while the New World holding companies remained with Fox Corporation . New World is noted for the number of its cult movies it distributed. Filmink have argued "in the history of Hollywood, few studios are as beloved by fans as Corman era New World." Stations are arranged alphabetically by state and by city of license . Production company Generally

1863-477: The concentration of media ownership , who act as the production company' s partner or parent company . This has become known as the "studio system". Independent studios usually prefer production house (see Lionsgate ), production studio (see Amazon Studios ), or production team (see Rooster Teeth ). In the case of television, a production company would serve under a television network . Production companies can work together in co-productions . In music,

1932-439: The 1970s – returned to the company as its new CEO. Later that year Thompson left the company to form his own firm. On February 21, 1984, New World Pictures added 3 new pictures in order to expect to produce a minimum of 14 releases per year, and had plans to start their own regional network. In 1984, the company created three new divisions: New World International , which would handle distribution of New World's productions outside

2001-503: The Monday through Saturday children's block Fox Kids , and an hour of late night programming on Saturdays) than its three established major network competitors; on top of that, most of the New World stations (with KTVI later becoming the lone exception) declined to carry the Fox Kids block. The time vacated by news programs, daytime shows and children's programs from each station's former network

2070-420: The acquisition of seven television stations in 1993, with the broadcasting unit expanding through additional purchases made during 1994. 20th Century Fox (then solely-owned by News Corporation ), controlled by Rupert Murdoch , became a major investor in 1994 and purchased the company outright in 1997; the alliance with Murdoch, specifically through a group affiliation agreement with New World reached between

2139-534: The acquisitions of Cannell Entertainment and entertainment magazine Premiere . In May 1996, New World sold WVTM and KNSD to NBC Television Stations for $ 425 million. On July 17, 1996, Fox parent News Corporation announced that it would acquire the remainder of New World Communications for $ 2.48 billion in stock. When the merger with News Corporation was finalized on January 22, 1997, New World's television production and distribution arms folded into 20th Century Fox Television and 20th Television , respectively and

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2208-457: The age of 93. New World Pictures's founder Roger Corman died at his home in Santa Monica, California , on May 9, 2024, at the age of 98. Founded on July 8, 1970, New World Pictures, Ltd. was co-founded by B-movie director Roger Corman and his brother Gene , following their departure from American International Pictures (AIP). As the last remaining national low-budget film distributor at

2277-574: The company acquired the Marvel Entertainment Group (MEG), the corporate parent of Marvel Comics from the liquidated Cadence Industries . In July 1967, William "Bill" Deneen left Encyclopædia Britannica Films to start up the Learning Corporation of America , a rival company with Columbia Pictures . It would quickly become one of EBF's biggest rivals in the 16mm field. During his past decade with EBF, William Deneen's specialty

2346-1116: The company until their cancellations in 1993; New World would not return to producing programs for the major broadcast television networks until early 1995. On February 17, 1993, Perelman purchased SCI Television from George Gillett , acquiring the company's seven television stations: CBS affiliates WAGA-TV (channel 5) in Atlanta , WJBK-TV (channel 2) in Detroit , WJW-TV (channel 8) in Cleveland , WITI-TV (channel 6) in Milwaukee and WTVT (channel 13) in Tampa ; NBC affiliate KNSD (channel 39) in San Diego ; and independent station WSBK-TV (channel 38) in Boston . SCI had undergone several corporate restructurings following its 1987 purchase by Gillett Communications from Kohlberg Kravis Roberts (which, in turn, had acquired

2415-455: The company's daily activities. In some cases, a production company can be run by only a handful of people. The company's funds are mainly committed towards employing talent, crew, and acquiring new updated production equipment on a regular basis. Many productions often require at least one to two cameras and lighting equipment for on location shooting. Production equipment is either leased or purchased from another production company or directly from

2484-440: The exposure, when shooting in public locations, major productions often employ security to ensure the protection of the talent and crew working on a specific production. After filming is completed, the production enters into post production, which is handled by a post production company and overseen by the production company. The editing, musical score, visual effects, re-recording of the dialog, and sound effects are "mixed" to create

2553-583: The face of American broadcasting. In the wake of Fox 's landmark $ 1.58-billion deal with the National Football League (NFL) on December 17, 1993, which awarded it the television rights to the National Football Conference (NFC) beginning with the league's 1994 season , the network began seeking agreements with various station groups such as SF Broadcasting to affiliate with VHF stations that had established histories as affiliates of

2622-533: The filmmaking careers of Jonathan Demme ( Caged Heat , Crazy Mama ), Jonathan Kaplan ( White Line Fever ), Ron Howard ( Grand Theft Auto ), Paul Bartel ( Death Race 2000 ) and Joe Dante ( Piranha ), all of whom made some of their early films as interns for the company. New World also released foreign films from acclaimed directors such as Ingmar Bergman ( Cries and Whispers , Autumn Sonata ), Federico Fellini ( Amarcord ) and Akira Kurosawa ( Dersu Uzala ). The distribution of such films

2691-425: The final film, which is then screened at the final screening. Marketing is also launched during this phase, such as the release of trailers and posters. Once a final film has been approved, the film is taken over by the distributors, who then release the film. For legal reasons, it is common within the entertainment industry for production companies not to accept unsolicited materials from any other company, talent, or

2760-497: The former New World television stations were transferred into its Fox Television Stations subsidiary, turning the former group's twelve Fox affiliates into owned-and-operated stations of the network, joining WGHP and WBRC. The New World Animation and Marvel Films Animation libraries were acquired by Saban Entertainment and Fox Kids Worldwide (in turn acquired by Disney through its 2001 purchase of Fox Family Worldwide) following News Corporation's acquisition of New World. As part of

2829-412: The general public. It is also common for filmmakers or producers to become entrepreneurs and open their own production companies so that they can have more control over their careers and pay, while acting as an "in-house" creative and business driving force for their company but continuing to freelance as an artist for other companies, if desired. Robert Rehme Robert Rehme (born May 5, 1935)

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2898-500: The group by Perelman in the summer of 1993. In 1993, New World Entertainment purchased ownership stakes in syndication distributor Genesis Entertainment through Four Star Television and made a direct purchase of infomercial production company, Guthy-Renker . With the asset expansion, the company changed its name to New World Communications . The company expanded its broadcasting holdings in May 1994 with its purchase of Argyle Television –

2967-426: The guild. Productions with smaller budgets are allowed to use both guild talent and talent from the public. The majority of the talent and crew working in the entertainment industry are members of their professions guild. Most productions in the entertainment industry are guild productions. A production company is responsible for the development and filming of a specific production or media broadcast. In entertainment,

3036-495: The latter case, New World decided against buying WTSP, as WTVT had the higher viewership of the two stations and market-wide signal coverage (WTSP's analog signal did not adequately cover southern sections of the Tampa–St. Petersburg market, as its transmitter was short-spaced to avoid interfering with the signal of Miami ABC affiliate WPLG , as both stations broadcast on VHF channel 10; because of this reason, ABC has long maintained

3105-440: The manufacturer. In the entertainment industry, in order to secure experienced professional talent and crew, production companies often become a signatory company to that talent or crew members "guild". By becoming a signatory company, it agrees to abide by the guild regulations. All big budget guild productions are exclusive to guild members and non guild members are not allowed to participate in these productions unless authorized by

3174-453: The most expensive looking school films of the era, despite being made very economically. In 1987, New World acquired educational film company Learning Corporation of America and independent film studio Highgate Pictures . By this time New World Pictures changed its name to New World Entertainment to better reflect its range of subsidiaries besides the film studio, including its purchase of Marvel Comics , and partner Harry Sloan said that

3243-503: The motion picture production company Neufeld/Rehme Productions. It was during this time that he created the pictures for which he is most known, such as Patriot Games and Flight of the Intruder . Rehme served as a governor of the Academy of Motion Picture Arts and Sciences for eight years before becoming president in 1992, succeeding Karl Malden . Prior to that, he had been President of

3312-418: The name change would have the revised banner "more accurately reflects the business the company is in". Also that year New World almost purchased two toy companies, Kenner Parker Toys and Mattel , but both planned acquisitions never materialized (although Tonka would acquire Kenner in 1987). Around this time, New World faced a major financial slump and the company began restructuring itself. This began with

3381-479: The nine best picture Oscar nominees were originally books. Previously, publishers did not develop their books into movie nor receive any of the profits. Neither Scholastic or Little Brown, get any box office revenue from the Harry Potter and The Twilight Saga movies just through book sales. As the publishers faced decreasing revenue due to increased competition from self-published e-books, or Amazon.com moving into

3450-424: The past. If a production company has major funding either through earnings, studio investors, or private investors, and has done or been involved with big budget productions in the past, it is considered to be a major production company. These companies often work with well-known and expensive talent. If a production company does not have much funding and has not done or been involved with any big budget productions, it

3519-464: The production or may accomplish this through a parent company , partner, or private investor. It handles budgeting, scheduling, scripting, the supply with talent and resources , the organization of staff, the production itself, post-production , distribution, and marketing . Production companies are often either owned or under contract with a media conglomerate , film studio , record label , video game publisher , or entertainment company, due to

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3588-416: The production process begins with the development of a specific project. Once a final script has been produced by the screenwriters, the production enters into the pre-production phase, most productions never reach this phase for financing or talent reasons. In pre-production, the actors are signed on and prepared for their roles, crew is signed on, shooting locations are found, sets are built or acquired, and

3657-486: The production's shooting locations for both privacy and safety reasons. In many cases, the director, producers, and the leading actors are often the only people with access to a full or majority of a single script. Supporting actors, background actors, and crew often never receive a full copy of a specific script to prevent leaks. Productions are often shot in secured studios, with limited to no public access, but they are also shot on location on secured sets or locations. Due to

3726-552: The proper shooting permits are acquired for on location shooting. Actors and crew are hand picked by the producer, director, and casting director, who often use collaborators or referenced personnel to prevent untrusted or unwelcomed people from gaining access to a specific production and compromising the entire production through leaks. Once a production enters into principal photography, it begins filming. Productions are almost never cancelled once they reach this phase. Codenames are often used on bigger productions during filming to conceal

3795-517: The publishing field, publishers have started to enter the film and TV production business to boost their net income with Amazon attempting to compete there too. More screenwriters are turning to book publishers to get their screenplay published as a book, so as to have a boost in their attempt to have the screenplay turned into a movie, given that it is a known product after the book. Publisher Simon & Schuster , though not involved with film and TV, shares possible film and TV deals with CBS (S&S

3864-511: The remaining interest in Genesis Entertainment, which expanded upon New World's production assets into television distribution (Genesis has subsequently renamed New World-Genesis Distribution following the closure of the purchase). After New World took over Moving Target Productions, the production company was renamed to MT2 Services. In 1995, Stone Stanley Productions was signed an exclusive agreement with New World Entertainment. 1995 saw

3933-768: The sale of Marvel Entertainment Group to Andrews Group (run by financier Ronald Perelman ) on January 6, 1989; Marvel Productions was excluded from the sale. After a failed bid by Giancarlo Parretti 's Pathe Communications , New World was sold to the Andrews Group in April 1989; Perelman indicated that, while New World's television operations would continue, their motion picture and home video activity would be cut back, if not scrapped entirely. The bulk of its film and home video holdings were sold in January 1990 to Trans-Atlantic Pictures,

4002-586: The six television stations owned by Citicasters : ABC affiliates WBRC-TV (channel 6) in Birmingham and WGHP-TV (channel 8) in High Point, North Carolina ; NBC affiliate WDAF-TV (channel 4) in Kansas City, Missouri ; and CBS affiliate KSAZ-TV (channel 10) in Phoenix . Citicasters retained ownership of ABC affiliates WKRC-TV (channel 12) in Cincinnati, Ohio , and WTSP (channel 10) in St. Petersburg, Florida ; in

4071-401: The stations' former parent Storer Communications in 1985). Earlier in the decade, the group – then known as GCI Broadcast Services, Inc. – had restructured after defaulting on some of its financing agreements. Eventually, the renamed, SCI ran into severe financial problems and filed for Chapter 11 bankruptcy in late 1992. SCI was folded into New World, following the completion of its purchase of

4140-415: The talent. Marketing is also a major factor. All films, as a tradition, are often marketed around the image and the performance of the actors; with an option of marketing the behind the scenes crew such as the directors and screenwriters. Unlike many other businesses, a production company does not rely on an ongoing revenue stream , they operate on ongoing investments; this often requires a parent company or

4209-615: The term production team typically refers to a group of individuals filling the role of " record producer " usually reserved for one individual. Some examples of musical production teams include Matmos and D-Influence . The aforementioned publishing conglomerates distribute said creative works, but it is not uncommon for production companies to act as a publication . For example, The Walt Disney Company and Nintendo act as publisher for Walt Disney Animation Studios and Nintendo Entertainment Planning & Development respectively. Self-publishing , in this case, should not be confused with

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4278-458: The term refers to all individuals responsible for the technical aspects of creating a particular product, regardless of where in the process their expertise is required, or how long they are involved in the project. For example, in a theatrical performance, the production team has not only the running crew , but also the theatrical producer , designers , and theatrical direction . The production company may be directly responsible for fundraising

4347-633: The time, New World quickly became one of the most successful independent companies in the nation. Corman hoped to continue AIP's formula at New World, making low-budget films by new talent and distributing them internationally. However, it started out with only ten domestic offices, and one each in Canada and the United Kingdom ; its films were distributed regionally by other companies. New World initially made exploitation films such as The Student Nurses and other small-scale productions. Corman helped launch

4416-603: The two companies in May 1994, helped to cement the Fox network as the fourth major U.S. television network . Although effectively defunct, it continues to exist as holding companies within the Fox Corporation corporate structure along with various regional subsidiaries (e.g. " New World Communications of Tampa "). New World Pictures's co-founder Gene Corman died at his home in Beverly Hills, California , on September 28, 2020, at

4485-566: Was conceived by Corman in an effort to disassociate New World as an exhibitor of exploitation films. In 1983, Corman sold New World to Larry Kupin, Harry E. Sloan and Larry A. Thompson for $ 16.5 million; the three new owners decided to take the company public . Corman retained the film library, while New World acquired home video rights to the releases. In 1984, Robert Rehme – who formerly served as chief executive officer of Avco Embassy Pictures and Universal Pictures and had previously worked for New World as its vice president of sales in

4554-579: Was elected president and chief executive officer. When Rehme started at Avco, he asked for $ 5 million to make movies. He used it to make eight. "The important thing was not to put Avco at risk for any major amount of money," he said. "We'd finance a movie and find a financial group to buy us out, so we could use the money over again." Under Rehme's stewardship, the company went from earning $ 20 million in 1978 to $ 90 million in 1981. Among its successful films were two from John Carpenter, The Fog and Escape from New York . He also backed The Howling and had

4623-534: Was filled by additional syndicated programming and, in particular, local newscasts. The deal as a whole (as well as a second affiliation agreement that was struck one month after the New World deal through the purchase of four stations by a joint venture with Savoy Pictures ) caused a domino effect that resulted in various individual and group affiliation deals involving all four networks (primarily CBS, Fox, and ABC) affecting television stations in more than 70 media markets ; in most of those areas, New World did not own

4692-478: Was geography films, being owner of an independent film company since 1950 that was distributing through EBF until they absorbed his company and made him vice president. Among his most famous in-depth looks of everyday life overseas were a series on Japan , Hungary and Communism and a trio shot on Samuel Bronston 's sets of Fall of the Roman Empire , including Claudius: Boy of Ancient Rome . These were certainly

4761-630: Was restructured at the end of 2010 under new management and currently struck deals with some of the Big Six studios (most notably the Sony Pictures Motion Picture Group and Warner Bros. ); Miramax , which was downsized by former owner Disney into a smaller division. Because a production company is only operational when a production is being produced and most of the talent and crew are freelancers , many production companies are only required to hire management staff that helps to oversee

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