![]() The companies said they "intend to work together on a project-by-project basis" and that projects already in development were not affected. Imagine, which received more than $1.7 million from Tri-Star, made a $1.3 million payment to Tri-Star, the companies said and advances from Tri-Star were eliminated. On July 29, 1987, Tri-Star Pictures and Imagine Films Entertainment announced the termination of obligations by Imagine to offer Tri-Star distribution rights for all of its television programming and feature films. In April 1987, producers Philip and Mary Ann Hobel had inked a pact with Imagine Films Entertainment to develop and produce theatrical fare for the company through Hobel Productions, and expected to serve as the eyes and ears of Imagine of New York, and will be backed by a development fund for the purchase of books, plays, scripts and ideas to be developed as film projects, and plans to do both comedy and drama projects with a concentration on contempo themes and issues through a first-look agreement. "There was the option of developing "long-form dramas" or series as part of the original material to be developed and aired exclusively on Showtime, adding that it could also acquire the syndication rights to these films and original products. The agreement would kick-off with 1989 pay television availabilities and include pay-per view exhibition rights to all Imagine-produced films and about 30 motion pictures and "an unspecified number of original products" are also covered by the agreement. and it was able to develop projects for the channels Showtime and The Movie Channel. Later the same year, Imagine had a five-year deal with Showtime/The Movie Channel, Inc. The net proceeds were used for development and production of theatrical films, television series, mini-series and made for television movies, although "the company does not presently intend to develop game shows or daytime soap operas." Imagine however has its prospectus having negotiations with Paramount Television for a commitment with ABC for a half-hour pilot and five episodes based on the comedy film Gung Ho. for 1,667,000 units for common stock and warrant it to purchase additional one-third of its stock. Imagine granted Tri-Star the right of first refusal to syndicate their off-network shows produced by Imagine. At first, the company set a deal with Tri-Star Pictures to produce feature films and television shows. ![]() The company went public the following year. It was originated from a merger of two production companies, Ron Howard's Major H Productions and Brian Grazer's self-titled production company Brian Grazer Productions. The company was originally founded in November 1985, following the success of the motion picture Splash. History Imagine Films Entertainment Logo from 1985 until 2020. They followed it up by working on 1984's Splash. Imagine Entertainment (formerly Imagine Films Entertainment), also known simply as Imagine, is an American film and television production company founded in November 1985 by producer Brian Grazer and director Ron Howard.Ĭo-founders Ron Howard and Brian Grazer at a Tribeca Film Festival panel on A Beautiful Mind Background īrian Grazer and Ron Howard met in 1982 on Night Shift, with Howard directing and Grazer co-producing.
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