Paravision International
Former entertainment production company From Wikipedia, the free encyclopedia
De Laurentiis Entertainment Group (DEG) (now Paravision International) was an entertainment production company and distribution studio founded by Italian producer Dino De Laurentiis. The company is notable for producing Manhunter, Blue Velvet, the horror films Near Dark and Evil Dead II, King Kong Lives (the sequel to De Laurentiis' remake of King Kong), and Bill & Ted's Excellent Adventure, as well as distributing The Transformers: The Movie.
| Company type | Film studio |
|---|---|
| Industry | Film production and distribution |
| Predecessor | Embassy Films Associates |
| Founded | 1984 |
| Defunct | 1994 |
| Fate | Studio acquired by Carolco Pictures, film assets acquired by StudioCanal |
| Successors | Studio: Carolco Pictures Dino De Laurentiis Communications Library: StudioCanal (through Paravision International) (with some exceptions) |
| Headquarters | Wilmington, North Carolina (now Paris, France) |
Key people | Dino De Laurentiis |
| Products | Motion pictures |
| Subsidiaries | Parafrance Films Proserpine Editions |
The company's main studios were located in Wilmington, North Carolina, which is now EUE/Screen Gems Studios. The studio's first releases were in 1986. It went bankrupt two years later after Million Dollar Mystery, among other films, failed at the box office.[1] Carolco Pictures acquired DEG in 1989.[2]
In 1983, Dino De Laurentiis produced Firestarter in Wilmington. The governor of North Carolina, Jim Hunt, claimed that the filming increased economic activity in the state. Hunt used incentives and loans to allow De Laurentiis to buy a local warehouse to convert into a studio. In early 1984, De Laurentiis founded the North Carolina Film Corporation, with Martha Schumacher as president.[3]
In 1985, DEG acquired Embassy Pictures from The Coca-Cola Company,[4] allowing for North American distribution of De Laurentiis' new product. Dino De Laurentiis continued to pre-sell his films for overseas distribution, as he had done in the past. In May 1986, De Laurentiis took DEG public, raising $240 million in the process.[5] The following month, DEG's first slate of films were released. In 1986, De Laurentiis formed an Australian subsidiary, De Laurentiis Entertainment Limited (DEL), which built a studio on the Gold Coast.[3] Although De Laurentiis asserted that the company would make films on par with the major studios, most of DEG's slate consisted of films budgeted at $10 million or less, below the industry standard of $14–16 million, with the notable exceptions of King Kong Lives and Tai-Pan, the only studio-level films DEG financed.[5] Also that year, DEG entered into a strategic partnership with producers Fred Silverman and Gordon Farr to launch the syndicated strip Honeymoon Hotel, with a promise to run it for 100 episodes, and a new starring vehicle for Isabel Sanford.[6] Later that year, DEG also financed another syndicated strip with Silverman and Farr to set up California Girls, with Viacom Enterprises serving as distributor of the series.[7]
By August 1987, DEG was $16.5 million in debt, citing the box-office failures and/or disappointments of its product. Dino De Laurentiis refused offers to sell the company because he wanted to retain controlling interest. Around the same time, De Laurentiis' daughter Raffaella exited her role as DEG's president of production.[5] In 1988, Dino De Laurentiis, who founded the company quit the studio amidst the failures of such films and formed a successor company Dino de Laurentiis Communications.[8]
De Laurentiis' North Carolina studio would be sold by Carolco Pictures and the Gold Coast studio would be acquired by Village Roadshow, whose intended strategy became the basis for Village Roadshow's Silver Series line, and some of the workforce joined the newly-formed Village Roadshow Pictures.[3][9]
The De Laurentiis library is currently owned by StudioCanal via its acquisition of the Paravision International library; with some exceptions. A few years back in 1988–89, L'Oréal controlled the film company, whose properties included the Filmation and De Laurentiis libraries. StudioCanal acquired the Paravision properties in 1994. Films that were distributed by United Artists are now owned by Metro-Goldwyn-Mayer, while films by HBO Pictures are owned by Warner Bros. Discovery. North American home video rights to much of their films are split between MGM Home Entertainment (for the Embassy library via PolyGram) and Lionsgate Films (for the rest). My Little Pony: The Movie and The Transformers: The Movie are now owned by Hasbro after obtaining the rights from Sunbow Entertainment (along with all other animated series based on Hasbro properties).
| Release Date | Title | Notes |
|---|---|---|
| June 6, 1986 | Raw Deal | |
| June 6, 1986 | My Little Pony: The Movie | |
| July 25, 1986 | Maximum Overdrive | co-owned by Lionsgate and StudioCanal |
| August 8, 1986 | The Transformers: The Movie | |
| August 15, 1986 | Manhunter | co-owned by MGM and StudioCanal |
| September 19, 1986 | Blue Velvet | |
| Radioactive Dreams | owned by MGM | |
| October 24, 1986 | Trick or Treat | |
| November 7, 1986 | Tai-Pan | co-owned by Lionsgate and StudioCanal |
| December 12, 1986 | Crimes of the Heart | |
| December 19, 1986 | King Kong Lives | |
| January 30, 1987 | The Bedroom Window | |
| February 6, 1987 | From the Hip | |
| March 13, 1987 | Evil Dead II | released through shell company Rosebud Releasing Corporation to bypass MPAA regulations |
| June 12, 1987 | Million Dollar Mystery | |
| October 2, 1987 | Near Dark | |
| October 16, 1987 | Weeds | |
| November 6, 1987 | Hiding Out | |
| November 20, 1987 | Date with an Angel | |
| December 4, 1987 | The Trouble with Spies | distributed only; produced by HBO Pictures. |
| December 11, 1987 | Cobra Verde | direct-to-video in U.S. |
| May 13, 1988 | Illegally Yours | released by United Artists in U.S. |
| August 17, 1988 | Traxx | direct-to-video in U.S. |
| October 14, 1988 | Pumpkinhead | released by United Artists in U.S., although DEG did distribute the film outside of North America. |
| October 21, 1988 | Tapeheads | released by Avenue Pictures in U.S. |
| October 1988 | Dracula's Widow | direct-to-video in U.S. |
| February 17, 1989 | Bill & Ted's Excellent Adventure | co-produced with Nelson Entertainment, released by Orion Pictures in U.S., co-owned by MGM and StudioCanal |
| April 1992 | Collision Course | direct-to-video in U.S. |
| October 30, 1992 | Rampage | released by Miramax Films in U.S. |
Canadian distribution of DEG releases were done by Paramount Pictures through its Famous Players division. In May 1986, rival Cineplex Odeon Corporation unsuccessfully attempted to sue Paramount for breaching a pre-set Canadian distribution contract DEG had with the chain's Pan-Canadian Films division.[10]
DEG had an early version of Total Recall in pre-production with Patrick Swayze as Quaid and Bruce Beresford to direct (David Cronenberg had also been approached), where it was to have been shot in Australia. After DEG's bankruptcy, the film went in turnaround to Carolco Pictures.[11]
Along with the Embassy Pictures library, De Laurentiis Entertainment Group's library was sold to Paravision, a subsidiary of L'Oréal, in 1989. The library was later sold to Canal+ and is currently held by StudioCanal.
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