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Company type | Private |
---|---|
Industry | Entertainment |
Founded | March 30, 1976[1] |
Founders | Mario Kassar[1] Andrew G. Vajna[1] |
Defunct | December 22, 1995 |
Fate | Bankruptcy, assets and name now owned by StudioCanal |
Successors |
|
Headquarters | Los Angeles, California[1], |
Key people | Mario Kassar (Chairman & CEO) |
Products | Motion pictures |
Divisions | Carolco Television Productions |
Subsidiaries | Orbis Communications The IndieProd Company |
Website | www.carolcofilms.com |
Carolco Pictures, Inc. was an American independent film studio that was founded by Mario Kassar and Andrew G. Vajna in 1976.[1] 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 successes including the first three films of the Rambo franchise, Field of Dreams, Total Recall, Terminator 2: Judgment Day, Basic Instinct, Universal Soldier, Cliffhanger and Stargate. Nevertheless, the company was losing money overall, requiring a corporate restructuring in 1992. The film Cutthroat Island was produced as a resurgence for the studio, but it instead lost them $147 million, and the company eventually went defunct at the end of 1995.[2]