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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 ...
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.
Jun 25, 2007 · The company was founded by two film investors, Mario Kassar and Andrew Vajna, as Anabasis Investments. Their goal was to make their new studio a major independent production company producing A-movie product. One of the first Anabasis/Carolco films was First Blood (1982), followed by the sequel Rambo: First Blood Part II (1985) (released the ...
History Early years Rise 1990–1994 Decline and collapse 2015–2017: Resurrection of Carolco brand Carolco's library Filmography 1970s 1980s 1990s Seven Arts Pictures References Further reading Carolco Pictures, Inc. was an American independent film studio that existed from 1976 to 1995, founded by Mario Kassar and Andrew G. Vajna . [1]
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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 ...
