Savoy Pictures
| Company type | Independent film company |
|---|---|
| Industry | Film production, film distribution, television broadcasting |
| Founded | 1992 |
| Founder | Victor A. Kaufman |
| Defunct | 1997 |
| Fate | Acquired by Silver King Communications |
| Successor | Silver King Communications |
| Headquarters | United States , United States |
Area served | United States, Canada, United Kingdom (distribution) |
Key people | Victor A. Kaufman (Chairman and CEO), Lewis J. Korman (Vice Chairman), Robert N. Fried (Motion picture division head) |
| Products | Motion pictures, television production, broadcasting |
Savoy Pictures Entertainment, Inc. operated as an independent American film company from 1992 until 1997. Among its notable productions were No Escape and Last of the Dogmen.
History
In 1992, Victor A. Kaufman, who previously served as chairman of Columbia Pictures Entertainment and founded TriStar Pictures, assumed the roles of chairman and CEO at Savoy, with Lewis J. Korman appointed as vice chairman. The company’s strategy focused on financing and distributing motion pictures with budgets ranging from $12 million to $25 million, committing up to $15 million per project. That same year, in June, Savoy secured an agreement with HBO granting home video, pay television, and pay-per-view rights.
Although production budgets grew over time, ineffective marketing efforts contributed to financial struggles within three years. The studio experienced several box office disappointments including titles like Exit to Eden and Getting Away with Murder. Meanwhile, competitors such as Miramax and New Line Cinema strengthened their positions after acquisitions by major corporations (The Walt Disney Company and Turner Broadcasting, respectively). In response, Savoy redirected its focus toward producing low-budget films alongside occasional high-budget projects reaching up to $80 million. The company also pursued high-profile talent like Sylvester Stallone, offering substantial deals for projects that ultimately did not materialize.
In 1994, Savoy diversified into broadcasting by forming SF Broadcasting in collaboration with Fox Television Stations, where Kaufman and Korman held controlling interests. SF Broadcasting acquired Fox-affiliated stations including WALA-TV (Mobile), WLUK-TV (Green Bay), WVUE (New Orleans), and KHON-TV (Honolulu). Concurrently, Savoy established a television production arm.
January 1995 saw Kaufman appoint Robert N. Fried to oversee the motion picture division, bringing on executives such as Alan Sokol along with filmmakers like Sam Raimi and George Tillman Jr. Later that year, a dedicated television division was launched under Stanley Brooks. By September 1995, Kaufman announced a strategic pivot away from film production toward operating primarily as a television station holding company.
Savoy began divesting its film assets; New Line Cinema acquired several titles including Martin Lawrence’s directorial debut A Thin Line Between Love and Hate, American History X, and The Adventures of Pinocchio. Meanwhile, Paramount Pictures secured rights for A Simple Plan as well as distribution for Private Parts. The only remaining unreleased film was Mariette in Ecstasy, which eventually premiered in 2019 at the Camerimage International Film Festival.
In November 1995, Silver King Communications, led by Barry Diller, agreed to purchase Savoy for $210 million; the transaction finalized in 1997. Following the acquisition, Kaufman became vice chairman of IAC and joined its board of directors. The SF Broadcasting stations were sold to Silver King Broadcasting in 1997.
Distribution in Canada shifted from Cineplex Odeon Films to Alliance Films after New Line Cinema took over several later Savoy titles.
Today, the majority of Savoy’s film catalog is owned by Universal Pictures and Focus Features, resulting from Diller’s sale of USA Networks’ entertainment holdings to Vivendi Universal in 2002. Titles produced under New Line Cinema belong to Warner Bros. Discovery, while Rysher Entertainment’s productions are controlled by Paramount Global. Specific films have different rights holders: No Escape is owned by Pathé, A Bronx Tale reverted to Robert De Niro’s Tribeca Productions, and Joel B. Michaels retains ownership of Last of the Dogmen.
Films
| Release date | Title | Notes |
|---|---|---|
| September 29, 1993 | A Bronx Tale | Debut film from Savoy, distributed in the US; produced jointly with TriBeCa Productions |
| December 25, 1993 | Shadowlands | Distributed in the US; co-produced alongside Price Entertainment and Spelling Films International; UK distribution by Paramount Pictures |
| March 11, 1994 | Lightning Jack | Distribution limited to the US; co-production with Village Roadshow and Buena Vista Pictures |
| April 13, 1994 | Serial Mom | Produced in collaboration with Polar Entertainment Corporation |
| April 29, 1994 | No Escape | Distributed in US/Canada and UK markets; co-produced with Allied Filmmakers and Pacific Western; international rights managed by Columbia Pictures under the title Escape from Absolom |
| October 14, 1994 | Exit to Eden | |
| February 24, 1995 | The Walking Dead | |
| March 15, 1995 | Circle of Friends | Distribution in the US; UK distribution by Rank Organisation; Canadian distribution handled by Cineplex Odeon Films |
| April 28, 1995 | Destiny Turns on the Radio | Distribution role; co-production with Rysher Entertainment |
| May 24, 1995 | Tales from the Hood | Distribution only; co-produced with 40 Acres and a Mule Filmworks |
| August 25, 1995 | Dr. Jekyll and Ms. Hyde | US distribution; co-produced with Rastar and Rank Organisation |
| August 25, 1995 | The Show | Produced jointly with Rysher Entertainment |
| September 8, 1995 | Last of the Dogmen | Distributed within the United States |
| September 22, 1995 | Bleeding Hearts | Distribution responsibilities; co-production with Peacock Films |
| September 29, 1995 | Steal Big Steal Little | |
| October 27, 1995 | Three Wishes | Co-produced alongside Rysher Entertainment |
| November 17, 1995 | Let It Be Me | |
| December 1, 1995 | White Man's Burden | Joint production with Rysher Entertainment and UGC |
| April 3, 1996 | Faithful | Co-producer role; collaborated with New Line Cinema, Miramax Films, and TriBeCa Productions |
| April 5, 1996 | A Thin Line Between Love and Hate | Co-produced with New Line Cinema |
| April 12, 1996 | Getting Away with Murder | |
| May 17, 1996 | Heaven's Prisoners | Produced and distributed by New Line Cinema |
| July 26, 1996 | The Adventures of Pinocchio | International distribution; co-production involving New Line Cinema and The Kushner-Locke Company |
| August 30, 1996 | The Stupids | Joint production with New Line Cinema and Rank Organisation |
| December 11, 1998 | A Simple Plan | Final credit for Savoy Film; produced collectively with Mutual Film Company, Paramount Pictures, Tele-München, and BBC |
| Unreleased | Mariette in Ecstasy | Produced in partnership with Price Entertainment and Rastar |
References
- Articles with short description
- American film studios no longer operating
- United States television broadcasting firms that have ceased operations
- American film and television production companies that are defunct
- United States film production enterprises
- Film distribution companies in the United States
- American firms founded in 1992
- Entertainment industry companies founded in 1992
- Entertainment firms that closed in 1997
- Mass media organizations established in 1992
- Mass media organizations that ended operations in 1997
- Independent film studios based in the United States
- American companies established in 1992