Topic summary
Price Entertainment
Extracted from the Wikipedia article Frank Price.
Columbia Pictures (1990–1991) and independent
In 1987, Price formed his own studio Price Entertainment. The company was initially set up in 1986 with a first-look production deal at Tri-Star Pictures. The company had officially established in late November 1987 as an auxiliary production arm of Tri-Star Pictures after a longer-established move, and the company had fit into the scheme at the then-pending merger with the Coca-Cola Entertainment Business Sector into Columbia Pictures Entertainment that the joint venture relationship was transferred to Columbia Pictures once the deal was finalized. In 1990, after Sony purchased Columbia Pictures, Price was approached to return to Columbia and after a series of short negotiations he was appointed chairman of Columbia Pictures. His company Price Entertainment, Inc. was merged with Columbia in March 1991 with the agreement it would turn out two films a year, produced by Price but without being credited to him.