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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]
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 ...
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 ...
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]
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 ...
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Mar 24, 2015 · First Blood.Total Recall.Terminator 2. For a generation versed in the major action films of the 80s and 90s, the Carolco brand holds a special place in the memory.
