De Laurentiis Entertainment Group

De Laurentiis Entertainment Group (Paravision International)
Company type	Film studio
Industry	Film production and distribution
Predecessor	Embassy Films Associates
Founded	1984; 40 years ago
Defunct	1994; 30 years ago
Fate	Studio acquired by Carolco Pictures, film assets acquired by Paravision International in 1990
Successors	Studio:; Carolco Pictures; Dino De Laurentiis Communications; Library:; StudioCanal; (through Paravision International); (with some exceptions)
Headquarters	Wilmington, North Carolina (now Paris, France)
Key people	Dino De Laurentiis
Products	Motion pictures

De Laurentiis Entertainment Group (DEG) was an entertainment production company and distribution studio founded by Italian producer Dino De Laurentiis. The company is notable for producing Manhunter, Blue Velvet, the horror films Near Dark and Evil Dead II, King Kong Lives (the sequel to De Laurentiis' remake of King Kong), and Bill & Ted's Excellent Adventure, as well as distributing The Transformers: The Movie.

The company's main studios were located in Wilmington, North Carolina, which is now EUE/Screen Gems Studios. The studio's first releases were in 1986. It went bankrupt two years later after Million Dollar Mystery, among other films, failed at the box office.^[1] Carolco Pictures acquired DEG in 1989.^[2]

History

In 1983, Dino De Laurentiis produced Firestarter in Wilmington. The governor of North Carolina, Jim Hunt, claimed that the filming increased economic activity in the state. Hunt used incentives and loans to allow De Laurentiis to buy a local warehouse to convert into a studio. In early 1984, De Laurentiis founded the North Carolina Film Corporation, with Martha Schumacher as president.^[3]

In 1985, DEG acquired Embassy Pictures from The Coca-Cola Company,^[4] allowing for North American distribution of De Laurentiis' new product. Dino De Laurentiis continued to pre-sell his films for overseas distribution, as he had done in the past. In May 1986, De Laurentiis took DEG public, raising $240 million in the process.^[5] The following month, DEG's first slate of films were released. In 1986, De Laurentiis formed an Australian subsidiary, De Laurentiis Entertainment Limited (DEL), which built a studio on the Gold Coast.^[3] Although De Laurentiis asserted that the company would make films on par with the major studios, most of DEG's slate consisted of films budgeted at $10 million or less, below the industry standard of $14–16 million, with the notable exceptions of King Kong Lives and Tai-Pan, the only studio-level films DEG financed.^[5] Also that year, DEG entered into a strategic partnership with producers Fred Silverman and Gordon Farr to launch the syndicated strip Honeymoon Hotel, with a promise to run it for 100 episodes, and a new starring vehicle for Isabel Sanford.^[6] Later that year, DEG also financed another syndicated strip with Silverman and Farr to set up California Girls, with Viacom Enterprises serving as distributor of the series.^[7]

By August 1987, DEG was $16.5 million in debt, citing the box-office failures and/or disappointments of its product. Dino De Laurentiis refused offers to sell the company because he wanted to retain controlling interest. Around the same time, De Laurentiis' daughter Raffaella exited her role as DEG's president of production.^[5] In 1988, Dino De Laurentiis, who founded the company quit the studio amidst the failures of such films and formed a successor company Dino de Laurentiis Communications.^[8]

De Laurentiis' North Carolina studio would be sold by Carolco Pictures and the Gold Coast studio would be acquired by Village Roadshow, whose intended strategy became the basis for Village Roadshow's Silver Series line, and some of the workforce joined the newly-formed Village Roadshow Pictures.^[3]^[9]

The De Laurentiis library is currently owned by StudioCanal via its acquisition of the Paravision International library; with some exceptions. A few years back in 1988–89, L'Oréal controlled the film company, whose properties included the Filmation and De Laurentiis libraries. StudioCanal acquired the Paravision properties in 1994. Films that were distributed by United Artists are now owned by Metro-Goldwyn-Mayer, while films by HBO Pictures are owned by Warner Bros. Discovery. North American home video rights to much of their films are split between MGM Home Entertainment (for the Embassy library via PolyGram) and Lionsgate Films (for the rest). My Little Pony: The Movie and The Transformers: The Movie are now owned by Hasbro after obtaining the rights from Sunbow Entertainment (along with all other animated series based on Hasbro properties).

Films released

Release Date	Title	Notes
June 6, 1986	Raw Deal	co-owned by Lionsgate and StudioCanal
June 6, 1986	My Little Pony: The Movie	owned by Hasbro
July 25, 1986	Maximum Overdrive	co-owned by Lionsgate and StudioCanal
August 8, 1986	The Transformers: The Movie	owned by Hasbro
August 15, 1986	Manhunter	co-owned by MGM and StudioCanal
September 19, 1986	Blue Velvet	owned by MGM
September 19, 1986	Radioactive Dreams	owned by MGM
October 24, 1986	Trick or Treat
November 7, 1986	Tai-Pan	co-owned by Lionsgate and StudioCanal
December 12, 1986	Crimes of the Heart
December 19, 1986	King Kong Lives
January 30, 1987	The Bedroom Window
February 6, 1987	From the Hip
March 13, 1987	Evil Dead II	released through shell company Rosebud Releasing Corporation to bypass MPAA regulations; co-owned by Lionsgate and StudioCanal
June 12, 1987	Million Dollar Mystery	co-owned by Lionsgate and StudioCanal
October 2, 1987	Near Dark	co-owned by Lionsgate and StudioCanal
October 16, 1987	Weeds
November 6, 1987	Hiding Out	co-owned by Lionsgate and StudioCanal
November 20, 1987	Date with an Angel	co-owned by Lionsgate and StudioCanal
December 4, 1987	The Trouble with Spies	distributed only; produced by HBO Pictures
December 11, 1987	Cobra Verde	direct-to-video in U.S.
May 13, 1988	Illegally Yours	released by United Artists in U.S.; owned by MGM
August 17, 1988	Traxx	direct-to-video in U.S.; co-owned by Lionsgate and StudioCanal
October 14, 1988	Pumpkinhead	released by United Artists in U.S., although DEG did distribute the film outside of North America; owned by MGM
October 21, 1988	Tapeheads	released by Avenue Pictures in U.S.; owned by Universal Pictures
October 1988	Dracula's Widow	direct-to-video in U.S.; co-owned by Lionsgate and StudioCanal
February 17, 1989	Bill & Ted's Excellent Adventure	co-produced with Nelson Entertainment, released by Orion Pictures in U.S.; co-owned by MGM and StudioCanal
April 1992	Collision Course	direct-to-video in U.S.; co-owned by Lionsgate and StudioCanal
October 30, 1992	Rampage	released by Miramax Films in U.S.; owned by Paramount Pictures via Miramax

Canadian distribution of DEG releases were done by Paramount Pictures through its Famous Players division. In May 1986, rival Cineplex Odeon Corporation unsuccessfully attempted to sue Paramount for breaching a pre-set Canadian distribution contract DEG had with the chain's Pan-Canadian Films division.^[10]

DEG had an early version of Total Recall in pre-production with Patrick Swayze as Quaid and Bruce Beresford to direct (David Cronenberg had also been approached), where it was to have been shot in Australia. After DEG's bankruptcy, the film went in turnaround to Carolco Pictures.^[11]

Along with the Embassy Pictures library, De Laurentiis Entertainment Group's library was sold to Paravision, a subsidiary of L'Oréal, in 1989. The library was later sold to Canal+ and is currently held by StudioCanal.