August 17, 1996 |
When the power failed across nine Western states last Saturday, a lightbulb went on at Gramercy Pictures. The massive outage provided the perfect marketing hook for "The Trigger Effect," a film starring Elisabeth Shue and Kyle MacLachlan that might have been lost in the box-office nether world of Labor Day weekend.
May 21, 1992 |
Seeking a cheaper and more effective way to market lower-budget movies, Universal Pictures and Polygram Filmed Entertainment are launching a North American distribution venture, the companies announced Wednesday. The joint venture, named Gramercy Pictures, will market and distribute films that are supplied by both partners. Gramercy will be headed by Russell Schwartz, the former executive vice president of Miramax Films.
September 28, 1999 |
Universal Pictures is starting a division to handle specialty films, an increasingly lucrative business for studios that have found they can make sizable profits from independent movies, the Seagram Co. unit said Monday. The company named former Gramercy Pictures executive Claudia Gray and Paul Hardart, a strategic-planning executive with Universal, to run the unit. Gray was named executive vice president, Hardart senior vice president.
February 14, 1997
"When We Were Kings," which also opens today, is an excellent documentary, 22 years in the making, about the classic heavyweight championship fight between George Foreman and Muhammad Ali known as "The Rumble in the Jungle." The Gramercy Pictures film was originally reviewed by Kenneth Turan on Oct. 25. On Tuesday, it was nominated for an Academy Award for best documentary.
August 19, 1998 |
The Scene: Hundreds gathered Monday night to witness a spectacle about sexual impropriety and deceit. Not the one broadcast live on all the networks, but the premiere of Gramercy Pictures' "Your Friends & Neighbors" at the Directors Guild of America theater. "On this evening of high national security, I'm glad you could all make it out," joked Gramercy Pictures' President Russell Schwartz, addressing the audience at the same time President Clinton was addressing the nation.
February 11, 1999 |
Seagram Co. said Wednesday that it will keep the international operations of PolyGram Filmed Entertainment after talks to sell the division to a Saudi Arabian prince broke down last week. Seagram's Universal Studios said it will integrate the PolyGram businesses, which it obtained through its $10.4-billion purchase of PolyGram. Stewart Till will continue to head the international film and video operations of PolyGram Filmed Entertainment.