March 31, 1998 |
In a long-anticipated move, Sony Pictures Entertainment is folding its TriStar Pictures into its Columbia Pictures unit, creating a single film production arm under the Columbia name. No layoffs are anticipated. The three executives, who are the heads of both units--Vice Chairwoman Lucy Fisher, co-Vice Chairman Gareth Wigan and President Kenneth Lemberger--will continue in their positions.
May 3, 1997 |
Shadowed by rumors of his departure practically since becoming president of TriStar Pictures, Bob Cooper resigned Friday from the Sony Pictures Entertainment unit. Cooper, a former HBO executive, took the movie job last July under the management regime of Alan J. Levine and Mark Canton at the Culver City studio. But after Sony hired John Calley in October to head its entertainment division, speculation quickly grew that Cooper would be ousted.
December 25, 1996 |
Reebok International Ltd. said it filed a lawsuit against Sony Corp.'s TriStar Pictures Inc. unit for not including a Reebok commercial in its recently released "Jerry Maguire" film. The lawsuit, filed Thursday in U.S. District Court in the Central District of California, seeks at least $10 million in damages for each of 12 claims, including breach of contract, trademark infringement and negligent misrepresentation.
July 16, 1996 |
Sony Pictures Entertainment officially got its cable guy on Monday, confirming that it has hired Home Box Office movie chief Robert Cooper to run its TriStar Pictures unit. The hiring, which had been expected for several days, is part of a broader executive revamping at the company, which operates the Columbia and TriStar studio units.
July 13, 1996 |
A long-anticipated shake-up could take place at TriStar Pictures with Robert Cooper, president of HBO Pictures, taking over for Marc Platt as president of the studio, according to sources at TriStar parent Sony Pictures Entertainment. Neither Sony nor Home Box Office would comment, but Hollywood sources said Friday that the deal was nearly completed. Although Sony is hoping to give Platt a production deal to prevent a hefty contract settlement, sources say it seems unlikely that Platt will stay.
May 18, 1995 |
Sony, Coke Settle Shareholder Suit Over TriStar Deal: The electronics giant and the Atlanta-based beverage maker agreed to pay $22.5 million to settle a lingering shareholder suit related to Coke's 1987 acquisition of the TriStar studio. The settlement, which requires the approval of Delaware Chancery Court, follows a 1993 ruling that found that Coca-Cola Corp. mistreated TriStar's minority shareholders when it more than doubled its stake in the TV television and movie production company to 80%.