|Industry||Independent film studio|
|Fate||Chapter 11 bankruptcy|
|Headquarters||Los Angeles, California, United States|
Franchise Pictures Classics
Franchise Pictures LLC was an independent motion picture production and distribution company, founded by Elie Samaha, Ashok Amritraj, and Andrew Stevens. They were known for their production in the action film genre. The company also had a short-lived video game arm, Franchise Interactive.
As of 2021, half of the Franchise Pictures library, along with that of ThinkFilm, is now owned by Orange Holdings LLC. Another half of the Franchise Pictures library is owned by Revolution Studios (via Morgan Creek Productions).
In 2004, in a case heard before a jury in a Los Angeles federal courtroom, Intertainment Licensing GmbH v. Franchise Pictures, et al., Judge Stotler awarded a plaintiff's verdict for $121.7 million against Franchise Pictures and Elie Samaha for fraudulent accounting. Samaha vowed to appeal but the fraud judgment destroyed Franchise's viability; the company and its subsidiaries all filed Chapter 11 bankruptcy petitions on August 19, 2007.
Discover more about Franchise Pictures related topics
Franchise Pictures was started in 1997, with Phoenician Entertainment serving as subsidiary for lower-budget films. Its initial employees were Elie Samaha and Ashok Amritraj, who would later leave two years later to start Hyde Park Entertainment.
On October 8, 1998, it signed a distribution agreement with Morgan Creek Productions and Warner Bros. Pictures, in which Franchise paid the distribution rights to both Morgan Creek and WB. On May 19, 1999, the company had signed a deal with Intertainment in order to bring all 60 motion pictures that Franchise had been receiving to Germany. A month later, Intertainment had struck a distribution deal with Warner Bros. Pictures, in order to secure the rights to 60 motion pictures for worldwide distribution.
On July 2, 2001, Morgan Creek and its CEO James G. Robinson sued Franchise Pictures for breach of contract, resulting in Morgan Creek to end their partnership with Franchise Pictures after the release of Heist (2001).
During Franchise's partnership with Morgan Creek, by 2000, the companies had financial success with a film titled The Whole Nine Yards. However, they also suffered a huge flop with Battlefield Earth starring John Travolta, which received bad word-of-mouth and grossed $29.7 million on a $75 million budget.
Discover more about History related topics
|July 6, 1999||A Murder of Crows||first Franchise Pictures production; also distributor|
|September 10, 1999||Storm Catcher||co-production with Phoenician Entertainment|
|December 29, 1999||The Third Miracle||first theatrical release; co-production with Sony Pictures Classics|
|January 21, 2000||The Boondock Saints||distribution; also co-producer|
|February 11, 2000||Mercy||co-production with Warner Bros. Pictures|
|February 18, 2000||The Whole Nine Yards||co-production with Morgan Creek Entertainment; first film under Morgan Creek pact|
|April 28, 2000||The Big Kahuna||co-production with Lions Gate Entertainment|
|May 12, 2000||Battlefield Earth||co-production with Morgan Creek Entertainment; Nominee for Razzie Award for Worst Picture|
|July 4, 2000||Jill Rips||co-production with Sony Pictures Home Entertainment; also distributor|
|August 25, 2000||The Art of War||co-production with Morgan Creek Entertainment; international distribution by 20th Century Fox|
|September 14, 2000||Auggie Rose|
|October 6, 2000||Get Carter||co-production with Morgan Creek Entertainment|
|October 13, 2000||Animal Factory||co-production with Phoeniciann Entertainment|
|January 19, 2001||The Pledge||co-production with Morgan Creek Entertainment|
|February 23, 2001||3000 Miles to Graceland||co-production with Morgan Creek Entertainment|
|March 2, 2001||The Caveman's Valentine||co-production with Universal Focus|
|March 11, 2001||Things You Can Tell Just by Looking at Her||co-production with United Artists|
|April 10, 2001||Agent Red||co-production with Phoenician Entertainment|
|April 27, 2001||Driven||co-production with Warner Bros.|
|May 18, 2001||Angel Eyes||co-production with Morgan Creek Entertainment and The Canton Company|
|June 15, 2001||Viva Las Nowhere||co-production with Jason Bloom Productions|
|November 9, 2001||Heist||co-production with Morgan Creek Entertainment; last film under Morgan Creek pact|
|May 1, 2002||Green Dragon||co-production with Columbia Pictures; released under Franchise Pictures Classics|
|July 9, 2002||Zig Zag||released under Franchise Pictures Classics|
|August 30, 2002||FeardotCom||co-production with Horrorhouse Pictures|
|August 30, 2002||Avenging Angelo||co-production with Martyn Burke Productions|
|September 3, 2002||If... Dog... Rabbit...|
|September 6, 2002||City by the Sea|
|September 20, 2002||Ballistic: Ecks vs. Sever||directed by Wych Kaosayananda|
|November 15, 2002||Half Past Dead||co-production with Screen Gems directed by Don Michael Paul|
|November 22, 2002||The 4th Tenor||Home media released by Warner Bros. and Franchise Pictures; theatrically distributed by Metro-Goldwyn-Mayer|
|January 28, 2003||The Foreigner||co-production with TriStar Pictures directed by Michael Oblowitz|
|May 23, 2003||The In-Laws|
|June 20, 2003||Alex & Emma||directed by Rob Reiner|
|October 21, 2003||Final Examination||co-production with Artisan Entertainment and Horrorhouse Pictures|
|March 12, 2004||Spartan||directed by David Mamet|
|April 9, 2004||The Whole Ten Yards||co-production with Warner Bros; sequel to The Whole Nine Yards|
|July 20, 2004||Out of Reach||directed by Po-Chih Leong|
|September 17, 2004||Funky Monkey||co-production with Harry Basil Productions|
|January 14, 2005||Retrograde|
|February 15, 2005||Into the Sun||co-production with Destination Films|
|September 2, 2005||A Sound of Thunder||last Franchise Picture film to be released by Warner Bros.|
|January 13, 2006||Tristan & Isolde||co-production with 20th Century Fox and Scott Free Productions|
|May 18, 2007||The Wendell Baker Story||directed by Andrew & Luke Wilson; final Franchise Pictures release|
Discover more about Filmography related topics
Following the financial failure of Battlefield Earth and other films independently produced by Franchise Pictures, The Wall Street Journal reported that the United States' Federal Bureau of Investigation was probing "the question of whether some independent motion picture companies have vastly inflated the budget of films in an effort to scam investors". In December 2000 the German-based Intertainment AG filed a lawsuit alleging that Franchise Pictures had fraudulently inflated budgets in films including Battlefield Earth, which Intertainment had helped to finance. Intertainment had agreed to pay 47% of the production costs of several films in exchange for European distribution rights, but ended up paying for between 60% and 90% of the costs instead. The company alleged that Franchise had defrauded it to the tune of over $75 million by systematically submitting "grossly fraudulent and inflated budgets".
The case was heard before a jury in a Los Angeles federal courtroom in May–June 2004. The court heard testimony from Intertainment that according to Franchise's bank records the real cost of Battlefield Earth was only $44 million, not the $75 million declared by Franchise. The remaining $31 million had been fraudulent "padding". Intertainment's head Barry Baeres told the court that he had only funded Battlefield Earth because it was packaged as a slate that included two more commercially attractive films, the Wesley Snipes vehicle The Art of War and the Bruce Willis comedy The Whole Nine Yards. Baeres testified that "Mr. Samaha said, 'If you want the other two pictures, you have to take Battlefield Earth—it's called packaging'". Baeres commented: "We would have been quite happy if he had killed Battlefield Earth".
Intertainment won the case and was awarded $121.7 million in damages, of which Samaha himself was declared by the court to be personally liable for $77 million in damages. However, the jury rejected Intertainment's claims under the Racketeer Influenced and Corrupt Organizations (RICO) statute, which would have trebled the damages if Franchise had been found liable on that charge. Samaha vowed to appeal but the fraud judgment destroyed Franchise's viability; the company and its subsidiaries all filed Chapter 11 bankruptcy petitions on August 19, 2007.
Discover more about Bankruptcy related topics
Source: "Franchise Pictures", Wikipedia, Wikimedia Foundation, (2023, February 24th), https://en.wikipedia.org/wiki/Franchise_Pictures.
Get our FREE extension now!
- ^ Los Angeles
- ^ a b "Franchise". Hausegenealogy.com. Retrieved 2017-08-21.
- ^ "WebVoyage Record View 1". Cocatalog.loc.gov. 2016-06-06. Retrieved 2017-08-21.
- ^ "Morgan Creek wins rights to Franchise pics". IMDb.
- ^ "Films". Morgan Creek Entertainment.
- ^ Adler, Michael S. (n.d.). "Intertainment Licensing GmbH v. Franchise Pictures, et al". morelaw.com. MoreLaw. Retrieved 4 October 2022.
Franchise admitted that the budgets were inflated but contended that Intertainment did not agree to pay on the basis of the budgets.
- ^ a b Shprintz, Janet; Dana Harris (August 23, 2007). "Elie's new chapter: Samaha's Franchise files for bankruptcy". Variety. Archived from the original on November 4, 2012. Retrieved 2010-07-01.
- ^ Carver, Benedict (1999-02-25). "Amritraj bows out of Franchise Pics". Variety. Retrieved 2021-12-22.
- ^ Carver, Benedict (1998-10-08). "Franchise, Morgan to ink distrib'n pact". Variety. Retrieved 2021-12-22.
- ^ "Intertainment inks Franchise pact". Variety. 1999-05-19. Retrieved 2021-12-22.
- ^ "Intertainment stock up with WB distribution deal". Variety. 1999-06-21. Retrieved 2021-12-22.
- ^ Battlefield Earth movie
- ^ "FBI Probes Big Indie Budgets". StudioBriefing: IMDb. 2002-06-06. Archived from the original on 2008-12-16. Retrieved 2008-01-20.
- ^ Randall, Laura (2000-12-22). "Franchise, Intertainment duel; Countersuits ask $75 million-plus each in film licensing dispute". The Hollywood Reporter.
- ^ "$75M Battlefield Over Film Flops". New York Post. 2001-01-19.
- ^ Hiestand, Jesse (2007-05-10). "Baeres: No secret budget deal". The Hollywood Reporter.
- ^ Shprintz, Janet (2007-06-21). "Attempt to Collect". Variety.
- ^ Shprintz, Janet (2007-06-17). "Samaha Slammed". Variety.
- American independent film studios
- Articles with VIAF identifiers
- Articles with WORLDCATID identifiers
- Articles with short description
- Companies that filed for Chapter 11 bankruptcy in 2007
- Defunct film and television production companies of the United States
- Fraud in the United States
- Mass media companies disestablished in 2007
- Mass media companies established in 1997
- Short description matches Wikidata
The content of this page is based on the Wikipedia article written by contributors..
The text is available under the Creative Commons Attribution-ShareAlike Licence & the media files are available under their respective licenses; additional terms may apply.
Wikipedia® is a registered trademark of the Wikimedia Foundation, Inc., a non-profit organization & is not affiliated to WikiZ.com.