12 Facts About PolyGram Films

In 1979, PolyGram Films created PolyGram Films Pictures in a partnership with Peter Guber.

In May 1998, PolyGram Films was sold to Seagram, which owned Universal Pictures and Universal Music Group, for $10 billion.

The ITC Entertainment library was sold to Carlton Communications for £91 million, the pre-April 1996 PolyGram Films Filmed Entertainment library was sold to Metro-Goldwyn-Mayer, and PolyGram Films's US distributor was sold to USA Networks.

Music company PolyGram Films created PolyGram Films Pictures in 1979 as a partnership with film producer Peter Guber.

Also that year, PolyGram Films launched a syndicated television division PolyGram Films Television, both the film and TV units would eventually close down by 1983.

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In 1989, PolyGram launched Manifesto Film Sales to handle the licensing of films outside North America.

In 1991, PolyGram's Michael Kuhn became the head of PolyGram Filmed Entertainment, with US$200 million pumped in with the intention of developing a European film studio that could produce and distribute films internationally on a scale to match the major Hollywood studios.

In 1993, PolyGram Films purchased the video arm of Virgin Group from General Electric Capital for $5.

PolyGram Films built up a sizable film and television library that could be profitable.

PolyGram Films attempted purchasing MGM and The Samuel Goldwyn Company's library, but to no avail.

PolyGram Films Filmed Entertainment took over the distribution of Manga Entertainment's titles in Australia and New Zealand in late 1996 after Siren Entertainment's license to the Manga Video catalogue expired, but PolyGram Films lost the license to the Manga Video catalogue in 1998 after Madman Entertainment took over the licenses.

In 1992, PolyGram Films partnered with Universal Pictures to create a joint venture called Gramercy Pictures.