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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.
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 ...
Mar 11, 2014 · By the time Cutthroat Island came out in US cinemas in December 1992, Carolco had already filed for Chapter 11 bankruptcy protection, and if there were hopes that the pirate movie could save the ...
July 3, 1991. Nearly 10 years have passed since Sarah Connor was targeted for termination by a cyborg from the future. Now her son, John, the future leader of the resistance, is the target for a newer, more deadly terminator. Once again, the resistance has managed to send a protector back to attempt to save John and his mother Sarah.
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]
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May 31, 1987 · Carolco has insured Stallone’s life for $37 million and will increase that by an additional $10 million when “Rambo III” starts shooting. The company also has contracted to pay $750,000 a ...
