Re: MGM; Please release the rest of your horror library
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Originally Posted by Luisito34
This isn't a horror movie but Lionsgate released The Manhattan Project on DVD not too long ago, an MGM title, after MGM themselves released it. This film was produced by Gladden Entertainment - anyone know what other titles they were involved in?
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It's conjecture, and a little messy, but here's my reasoning.
Gladden Entertainment was founded by David Begelman out of the ashes of a previous company called Sherwood Productions, both of which had theatrical deals with 20th Century Fox. Gladden made an initial homevideo deal with (and possibly received some production money from) Thorn EMI - the first VHS release of THE MANHATTAN PROJECT was on their label.
Shortly afterward, Thorn EMI agreed to merge with Cannon, and that lasted about six months. During that time, Cannon took over EMI's U.S. label, which was a co-venture with HBO, and at the same time assumed a stake in some Gladden productions, resulting in some strange splits. MANNEQUIN, for example, instead of getting a VHS release through "HBO/Cannon", was funneled to Media, because Cannon had signed an output deal with them before merging with EMI. Six months later, though, Cannon was in debt, and they sold off the EMI library (though they kept a few of their newest titles like DREAMCHILD and MORONS FROM OUTER SPACE), and gave up their stake in the HBO label. The EMI library ultimately wound up at StudioCanal. Cannon also likely gave up their stake in any future Gladden projects.
Gladden, meanwhile, borrowed money from the Belgian bank Credit Lyonnais, the same bank that literally dozens of indie production outfits borrowed from, and all of whom ultimately defaulted to when they went out of business. Those films, called the Epic package, were sold to Polygram, then when Universal bought Polygram, those films along with Polygram's pre-'96 films, were sold to MGM.
Confused yet?
So, in all likelihood, MGM got some ownership stake in THE MANHATTAN PROJECT, since they inherited the movie in the Polygram buy. However, StudioCanal likely still also owned part of the movie from EMI's equity stake before the Cannon merger. So the lawyers must have hashed out a deal where MGM got to put the movie on DVD first, and then the rights would revert to StudioCanal and they in turn did their expanded release with Lionsgate.
Yeah, I sometimes have a hard time keeping this straight too. :/