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In April 1995, Carolco announced that it was unable to make interest payments on $55 million of debt. [54] In November 1995, Carolco filed for Chapter 11 bankruptcy protection. Cutthroat Island was released that Christmas and became a box-office disaster. [55] Carolco agreed to sell its assets to 20th Century Fox for $50 million. [56]
The name "Carolco" was purchased from a defunct company based in Panama and "has no meaning", according to Kasser. Carolco's first major success was the 1982 movie First Blood, an adaptation of David Morrell's novel of the same name. The film made $120 million worldwide and placed Carolco among Hollywood's major players.
Mar 11, 2014 · Kassar and Vajna gamely paid Warner $385,000 for the rights to First Blood in 1980, and settled on Stallone as their star. After a fair amount of back-and-forth negotiation over Sly’s fee, a ...
Carolco Pictures. Creator. Create Subpage. Cue the epic Jerry Goldsmith theme tune. Carolco Pictures is a production company started by Mario Kassar and Andrew G. Vajna back in the late 1970's. Beginning in producing a couple of AIP films (such as the 1976 science fiction thriller Futureworld) in addition to a bunch of ITC Entertainment films ...
Carolco Pictures, Inc. was an American independent film studio that existed from 1976 to 1995, founded by Mario Kassar and Andrew G. Vajna. [1] Kassar and Vajna ran Carolco together until 1989, when Vajna left to form Cinergi Pictures .
Carolco Pictures was an American independent film production, distribution and financing company, established in 1976 by Mario Kassar and Andrew Vajna. It produced the such hits as among others three first films of franchise Rambo ( Rambo: First Blood , Rambo: First Blood II and Rambo III ) and Terminator 2: Judgment Day .
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In April 1995, Carolco announced that it was unable to make interest payments on $55 million of debt. [48] In November 1995, Carolco filed for Chapter 11 bankruptcy protection. Cutthroat Island was released that Christmas and became a box-office disaster. [49] Carolco agreed to sell its assets to 20th Century Fox for $50 million. [50]
