December 31, 1987 |
A real-life fight has erupted over Sylvester Stallone's "Rambo III," which ended shooting in Israel on Nov. 30 and then moved to locations in Thailand. Carolco Pictures Inc. and Tel Aviv-based Golan & Globus Studios are blaming each other for a rash of bounced checks. Golan & Globus' managing director Itzak Kol, besieged by nearly 100 irate creditors (including police and crew members), claims that Carolco location officials signed $200,000 in bad checks.
October 1, 1997 |
A federal jury in Los Angeles is scheduled to start deliberations today on whether former Carolco Pictures Chief Executive Peter Hoffman misrepresented his income and signed false returns to avoid taxes. Government prosecutors allege that Hoffman improperly tapped into more than $1 million in deferred compensation accumulated at Carolco, while his lawyers contend that the payments were loans he paid back.
October 7, 1997 |
Film producer Peter Hoffman was found innocent Monday on two counts in his federal tax fraud trial by a jury in Los Angeles that will continue deliberating today on two remaining counts. The jury cleared Hoffman of filing and signing false tax returns for 1993 for himself and his production company, CineVisions. Still being deliberated is whether Hoffman filed and signed a false return for 1989. Jurors late Monday informed U.S.
December 31, 1991 |
Carolco Pictures said Monday that its chief executive, Peter Hoffman, will step down after his contract expires in March, ending months of speculation that the top strategist behind the independent studio's rapid diversification was on the way out.
May 11, 1992 |
Peter M. Hoffman, the former president and chief executive of Carolco Pictures Corp., has formed an entertainment company called CineVisions. The company will seek out business opportunities in emerging entertainment markets such as India, Indonesia and Eastern Europe. As chairman of CineVisions, Hoffman also will work as a financial consultant to the industry. He said he may even independently produce low-budget movies. CineVisions' backers include Canyons Partners Inc.
May 31, 1987 |
In "First Blood" released in 1982 and "Rambo: First Blood Part II" released in 1985, Sylvester Stallone's machine gun-toting, all-American avenger waved the flag and defeated evil while grossing an awesome $390 million at the box office. Along the way, Rambo became for some people an icon of renewed American patriotism. Meantime, the films' producers had the ironic good fortune of avoiding U.S.