Vestron Video: Difference between revisions

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Don't use "inked" to mean "signed"
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In 1983, Vestron signed an agreement to license several of the films from [[David Begelman|Sherwood Productions]] for U.S. and Canadian video distribution.<ref>{{Cite news|date=1983-05-18|title=Sherwood Licenses Pix|page=34|work=[[Variety (magazine)|Variety]]}}</ref> Also that year, Vestron signed a deal to pick up several feature films from Artists Releasing Corporation, namely ''[[Vigilante (1982 film)|Vigilante]]'' and ''[[The House on Sorority Row]]''.<ref>{{Cite news|date=1983-05-18|title='Vigilante', 'Sorority' Vid Rights To Vestron In U.S.|page=34|work=[[Variety (magazine)|Variety]]}}</ref> In 1984, Vestron Video and [[Empire International Pictures|Empire Pictures]] entered into a five-title agreement in which Vestron would handle worldwide distribution of five of the motion pictures produced by Empire.<ref>{{Cite news|date=1984-03-14|title=Vestron Video Grabs Worldwide Rights to 5 Empire Pics|page=16|work=[[Variety (magazine)|Variety]]}}</ref>
 
On June 11, 1985, Vestron Video inkedsigned an agreement with New Century Entertainment and financer SLM Inc., in which SLM's titles would be distributed on video by Vestron and theatrically by [[Metro-Goldwyn-Mayer|MGM/UA Entertainment Co.]]<ref>{{Cite news|date=1985-06-12|title=Vestron In Pre-Pix Buy With SLM: $10-Mil Advance Involves 4 Titles|page=33|work=[[Variety (magazine)|Variety]]}}</ref> On February 11, 1986, Vestron Video and [[American Broadcasting-Paramount Theatres|ABC Video Enterprises]] set up a joint venture ABC/Vestron, for the home video releases of the Capital Cities/ABC television archives. All home video releases from the pact were compilation releases, and not entire programs originally aired by the network.<ref>{{Cite news|date=1986-02-12|title=Vestron, Cap/ABC Set Video Venture|page=39|work=[[Variety (magazine)|Variety]]}}</ref>
 
On June 18, 1986, the company inkedsigned an agreement with Zupnik Enterprises to release five titles on videocassette; the company's predecessor, Zupnik/Curtis Enterprises, once had an agreement with [[Home Box Office, Inc.|Thorn EMI/HBO Video]] to distribute films.<ref>{{Cite news|date=1986-06-18|title=Vestron Lands 5 Zupnik Pics|page=42|work=[[Variety (magazine)|Variety]]}}</ref> On June 25, 1986, the company also inkedsigned an agreement with film producer and distributor Hemdale Film Corporation, in which Vestron would obtain home video rights to the Hemdale film library, for the North American region, such as ''[[Platoon (film)|Platoon]]''. This was an extension of the previous licensing agreement that saw the company to release films like ''[[Hoosiers (film)|Hoosiers]]'' and ''[[At Close Range]]''.<ref>{{Cite news|date=1986-06-25|title=Hemdale Deals Pix|page=42|work=[[Variety (magazine)|Variety]]}}</ref>
 
In 1986, Vestron was rumored to buy independent film distributor [[Producers Sales Organization]], but the deal collapsed, and PSO was shut down outright, forced into bankruptcy,<ref>{{Cite news|date=1986-08-13|title=Vestron Acquisition of PSO Is Not Firm|page=3|work=[[Variety (magazine)|Variety]]}}</ref> and subsequently renamed Producers Distribution International, then Interaccess Film Distribution, which, on October 8, 1986, became a studio-controlled the foreign sales firm that was controlled by the studio, reflecting the company's commitment to provide an international network of distributors, with access of quality, independently produced product.<ref>{{Cite news|date=1986-10-08|title=Interaccess New Name Of Vestron's PDO Arm|pages=4, 35|work=[[Variety (magazine)|Variety]]}}</ref>
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On October 15, 1986, Vestron Video International signed independent deals with [[Italy|Italian]] video distributor Domovideo and [[Korea]]n video distributor Oasis Video Productions. These deals covered 35 titles originating from the Vestron catalog, including upcoming theatrical features.<ref>{{Cite news|date=1986-10-15|title=Vestron Video inks Italy, Korea pacts|page=49|work=[[Variety (magazine)|Variety]]}}</ref>
 
In March 1987, Vestron Video and [[ITV Granada|Granada Television]], the UK [[ITV (TV network)|ITV]] franchisee holder, inkedsigned an agreement to release titles from its back catalog in an exclusive licensing deal for the burgeoning UK sell-through market. This deal included serials ''[[The Jewel in the Crown (TV series)|The Jewel in the Crown]]'' and ''[[Brideshead Revisited (TV serial)|Brideshead Revisited]]'', together with special compilations from Granada's own ITV franchisee programme ''[[Coronation Street]]''. The company thus had the world's largest recorded video catalog of the time with a single license covering 26 titles plus 12 further titles.<ref>{{Cite news|last=Coopman|first=Jeremy|date=1987-03-04|title=Vestron Intl. Gets U.K. License For Granada's Back Catalog|page=80|work=[[Variety (magazine)|Variety]]}}</ref>
 
On June 3, 1987, the Vestron Video-[[Hemdale Film Corporation]] lawsuit was challenged by a rival home video distributor [[Nelson Entertainment]]. Nelson filed the countersuit because it also held video rights to the 12 Hemdale pictures under almost identical terms as the arrangement Vestron attempted to enforce, adding ''[[High Tide (1987 film)|High Tide]]'' in that deal by extension.<ref>{{Cite news |date=1987-06-03 |title=Nelson Steps Into Vestron-Hemdale Suit |page=59 |work=[[Variety (magazine)|Variety]]}}</ref> In July 1987, Vestron Inc. exercised an option to purchase a [[Cincinnati]]-area video store chain called The Video Store, which consisted of 10 stores, with owner Jack Messer giving the company another 14 during the July–October period.<ref>{{Cite news |last=Bierbaum |first=Tom |date=1987-07-08 |title=Vestron Has Option On Cincy Vidchain |page=52 |work=[[Variety (magazine)|Variety]]}}</ref> That year, in August 1987, Vestron promoted Michael Karaffa to sales vice president and Adam Platnick to business affairs vice president, while the company also saw more layoffs, including those of former executives, namely Raymond Bernstein and Gordon Bossin, who both had layoffs in May.<ref>{{Cite news |date=1987-08-12 |title=Vestron Promotes 2; More Layoffs Seen |page=41 |work=[[Variety (magazine)|Variety]]}}</ref>