TriStar Tri-Star Pictures was established on March 2,1982, and founded by Victor Kaufman as Nova Tri-Star Pictures.
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TriStar Tri-Star Pictures was established on March 2,1982, and founded by Victor Kaufman as Nova Tri-Star Pictures.
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Concept for Tri-Star Pictures can be traced to Victor Kaufman, a senior executive of Columbia Pictures, who convinced Columbia, HBO, and CBS to share resources and split the ever-growing costs of making movies, leading to the creation of a new joint venture on March 2,1982.
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Tri-Star Pictures embarked on a 12 to 18 feature film slate per year, with a combined budget of $70 to $80 million and signed producer Walter Colbenz as vice president of the Tri-Star Pictures feature film studio, and signed initial development deals with director John Schlesinger and producers Jeffrey Walker and Michael Walker.
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Tri-Star Pictures's first release was the film, Where the Boys Are '84; a 1984 remake of the 1960 Metro-Goldwyn-Mayer picture, Where the Boys Are that was co-distributed on behalf of ITC Entertainment after Universal rejected it; the film was a commercial flop.
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On May 8,1984, Tri-Star Pictures secured North American distribution rights for the film Supergirl from Warner Bros.
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That same year, 1986, Tri-Star Pictures entered into the television business as Tri-Star Pictures Television.
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In 1987, Tri-Star International was set up with former head of Columbia Pictures International, S Anthony Macke to be hired as executive vice president in charge of production for the newly created international division, the company already had worldwide rights to its product in order to need up its international apparatus.
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Also, in July 1987, Tri-Star Pictures made a pact with CPI Film Holdings, a wholly-owned subsidiary of The Coca-Cola Company, whereas the latter had bought out 3.
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On December 21,1987, Tri-Star Pictures, Inc was renamed as Columbia Pictures Entertainment, Inc when Coca-Cola sold its entertainment business to Tri-Star for $3.
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On July 11,1990, Tri-Star Pictures dissolved and sold its venture in TeleVentures to Stephen J Cannell Productions and TeleVentures became Cannell Distribution Co.
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