December 7, 1991 |
At the end of "Terminator 2," Arnold Schwarzenegger's cyborg character discovers that blinding brute force doesn't always ensure survival. Carolco Pictures Inc., the freewheeling production company that made the movie, recently has learned the same lesson. Carolco has been forced into deep cuts in its operations, despite its success with "Terminator 2" and other audaciously ambitious action movies.
April 9, 1992
I am repulsed by the jury's finding of liability in the trial of the Los Angeles Police Department Special Investigations Section officers shooting of four armed robbers ("Gates, Special Unit Found Liable for Robbers' Deaths," March 31). These criminals had engaged in a reign of terror, robbing many stores and endangering many lives. The jury disbelieved the allegation that the robbers would point realistic-looking pellet pistols at the SIS officers.
August 25, 1989 |
Exactly who was Jose Menendez? The Hollywood community and police investigators have been furiously pressing that question since Menendez--a relatively little known entertainment executive whose career nonetheless connected with some of the biggest names in show business--was shot dead with his wife, Mary Louise, in their Beverly Hills home last Sunday night.
July 30, 1990 |
Sylvester Stallone will try his hand at comedy in a new film with John Candy. Carolco Pictures Chairman Mario Kassar announced today that John Hughes will direct Stallone and Candy in a comedy about feuding neighbors entitled "Bartholomew vs. Neff." An original story by Hughes about two neighbors whose friendship disintegrates as they battle to the finish, the film is scheduled to begin production in the summer of 1991, shooting in the Chicago suburbs.
December 26, 2001 |
After nearly 14 years, the credits are finally quietly rolling on one of Hollywood's largest, longest and most bitterly fought tax disputes. Winding down is an Internal Revenue Service probe into the byzantine financing structures and liberal executive loan practices used by defunct big-budget filmmaker Carolco Pictures, maker of such hits as "Terminator 2: Judgment Day," "Total Recall," the "Rambo" series and "Basic Instinct."
September 4, 1996 |
Carolco Settles With IRS: The production company, which filed for Bankruptcy Court protection last fall, settled the tax claim for $6 million in cash. The agreement involves only the company's problem with the IRS and does not affect individual disputes the agency has with former Carolco partners Mario Kassar and Andy Vajna.