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Savoy Pictures

From Alfawiki
Savoy Pictures Entertainment, Inc.
Company typeIndependent film company
IndustryFilm production, film distribution, television broadcasting
Founded1992
FounderVictor A. Kaufman
Defunct1997
FateAcquired by Silver King Communications
SuccessorSilver 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)
ProductsMotion 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