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Wikipedia

The Cannon Group, Inc.

January 01, 1970

Not to be confused with Canon Inc.
"Cannon Group" redirects here. Not to be confused with Canyon Group.

The Cannon Group, Inc. was an American group of companies, including Cannon Films, which produced films from 1967 to 1994.[2] The extensive group also owned, amongst others, a large international cinema chain and a video film company that invested heavily in the video market, buying the international video rights to several classic film libraries. Some of their best known films include Joe (1970), Runaway Train (1985) and Street Smart (1987), all of which were Oscar-nominated.

The Cannon Group, Inc.
Company typePrivate
IndustryFilm production
FoundedOctober 23, 1967; 56 years ago (1967-10-23)
FoundersDennis Friedland
Christopher C. Dewey
DefunctJanuary 21, 1994; 30 years ago (1994-01-21)
FateRebranded as Pathé Communications and later folded into Metro-Goldwyn-Mayer
SuccessorLibrary:
Metro-Goldwyn-Mayer (with some exceptions)
HeadquartersUnited States
(Also owned studios and cinema chains throughout the UK, Israel and Europe)
Key people
Dennis Friedland
(1967–1979)
Christopher C. Dewey
(1967–1979)
Menahem Golan
(1979–1989)[1]
Yoram Globus
(1979–1994)
Giancarlo Parretti
(1989–1990)
Ovidio G. Assonitis
(1989–1990)
Christopher Pearce
(1990–1994)
ProductsMotion pictures
Video releasing
Cinema Chains (UK and Europe)
SubsidiariesCannon Video
Cannon Cinemas
Thorn EMI Screen Entertainment
HBO/Cannon Video
ABC Cinemas

1967–1979: Friedland/Dewey era edit

Cannon Films was incorporated on October 23, 1967. It was formed by Dennis Friedland and Chris Dewey while they were in their early 20s. They had immediate success producing English-language versions of Swedish soft porn films directed by Joseph W. Sarno: Inga (1968), aka Jag––en oskuld and To Ingrid, My Love, Lisa (1968), aka Kvinnolek. By 1970, they had produced films on a larger production scale than a lot of major distributors, such as Joe, starring Peter Boyle.[3]

They managed this by tightly limiting their budgets to $300,000 per picture—or less, in some cases. The success of Joe brought more attention to the company.[3] As the 1970s moved on, a string of unsuccessful films seriously drained Cannon's capital. This, along with changes to film-production tax laws, led to a drop in Cannon's stock price.

1979–1987: Golan-Globus era edit

By 1979, Cannon had hit serious financial difficulties, and Friedland and Dewey sold Cannon to Israeli cousins Menahem Golan, who had directed The Apple, and Yoram Globus for $500,000.[4] The two cousins forged a business model of buying bottom-barrel scripts and putting them into production. They produced such films in a variety of genres, although their biggest successes were with action films. They tapped into a ravenous market for B movies in the 1980s.[5] After buying the rights to the 1974 film Death Wish, Cannon produced three sequels to it in the 1980s, all starring Charles Bronson. Despite negative reviews, these films were financially successful, especially Death Wish II (1982), which earned over $40 million on an $8 million budget.

Other major hits for Cannon were a series of action movies starring Chuck Norris, including Missing in Action (1984),[6] Invasion U.S.A. (1985) and The Delta Force (1986). Missing in Action was criticized heavily as being a preemptive cash-in on the Rambo franchise.[7][8] James Cameron's story treatment for Rambo: First Blood Part II was floating around Hollywood in 1983, which Golan and Globus reviewed and were "inspired" by.[7][8] The writers of MIA even gave Cameron credit saying their film was inspired by his script treatment.[9]

The Cannon Group ignited a worldwide ninja craze with "The Ninja Trilogy", a film series which consisted of Enter the Ninja (1981), Revenge of the Ninja (1983), and Ninja III: The Domination (1984), all starring Sho Kosugi, as well as American Ninja (1985) and its sequel American Ninja 2: The Confrontation (1987). Other action/adventure films they produced included the 3-D Treasure of the Four Crowns, King Solomon's Mines, and the vigilante thriller sequel Exterminator 2.

The Cannon Group's biggest financial success was with the 1986 action film Cobra, which starred Sylvester Stallone; not a low-budget film, it earned $160 million on a $25 million budget.

Cannon produced musical and comedy films such as Breakin', Breakin’ 2: Electric Boogaloo, The Last American Virgin, and the U.S. release of The Apple; erotic period drama pictures such as Lady Chatterley's Lover (1981), Bolero, and Mata Hari (1985); science fiction and fantasy films such as Hercules, Lifeforce, and The Barbarians; and serious pictures such as John Cassavetes' Love Streams, Franco Zeffirelli's Otello (a film version of the Verdi opera), Norman Mailer's Tough Guys Don't Dance, and Andrei Konchalovsky's Runaway Train and Shy People.

During these years, Cannon prominently advertised at the Cannes Film Festival each year. Substantial pre-sales of the next years' films were made based on the strong salesmanship skills of Globus. The deposits made from these sales financed production of the first film in the production line-up, which—when completed and delivered to theatre owners around the world—generated enough money to make the next film in the line-up. Slavenburg's bank [nl] in the Netherlands (which had provided Cannon's start-up capital in 1979) and their principal loan officer, Frans Afman, provided bridge financing until the pre-sales amounts were collected; this role was inherited by Credit Lyonnais after their purchase of Slavenburg's in 1983.[10]

In 1982, The Cannon Group, Inc. entered into a relationship with MGM/UA Entertainment Co. with the latter company serving as Cannon's distributor for North American theatrical and video releases; this would not be the last time Cannon dealt with MGM.[11][12] In 1984, Cannon expanded further into Europe, signing with UGC for French distribution, and acquiring Kenneth Rive's Gala Films, which was absorbed into Cannon Group's U.K. distribution arm.[13][14] On June 25, 1985, Cannon bought the rights to produce future films based on the comic book character Superman from the Salkinds, and struck a distribution assignment with Warner Bros. (owners of the Superman property) for a 1987 release.[15] Cannon also further expanded their French assets, with the aim of becoming the largest film distributor in France.[16]

By 1986, output reached an apex with 43 films in one year. Golan remained chairman of the board, while Globus served as president. In 1986, Cannon attempted to produce film adaptations of the stage plays Zorba and American Buffalo, but these films never materialized.[17] Another film project that ultimately never materialized was a live-action film based on Barbie, with planned plotline concerning the doll showing her owner that her dreams could come true. A live-action movie based on the property wouldn't emerge until 2023.[18] Other areas of interest included plans for television adaptation of Cannon properties.,[19] and following up their adaptation of Rumpelstiltskin with a total of 12 fairy tale films as the Cannon Movie Tales series; Cannon wound up releasing only a few of the fairy tales.[20]

Film critic Roger Ebert said of Golan-Globus in 1987, "no other production organization in the world today—certainly not any of the seven Hollywood 'majors'—has taken more chances with serious, marginal films than Cannon."[21] That year, Cannon gained its greatest artistic success: its 1986 Dutch production The Assault won the 1987 Academy Award for Best Foreign Language Film and a Golden Globe Award for Best Foreign Language Film. Meanwhile, Otello, based on the opera of the same name, also received a Golden Globe nomination that year.

Golan and Cannon Films were famous for making huge announcements and over-promoting films that did not live up to expectations—or even exist. For instance, Lifeforce (1985) was to be "the cinematic sci-fi event of the '80s" and Masters of the Universe (1987) was dubbed "the Star Wars of the '80s." Diversifying from film production, Cannon had begun purchasing film distributors and movie theaters. The purchases ranged from European companies (Thorn EMI Screen Entertainment, Tuschinski Theatres, a 49-screen theater chain in the Netherlands, and the 53-screen Cannon Cinema Italia) to the sixth-largest chain in the United States, the 425-screen "marginally profitable" Commonwealth Theaters.

Additionally, Cannon owned the film rights to Spider-Man, and planned to make a Spider-Man film in the mid-1980s.[22] Golan and Globus agreed to pay Marvel Comics $225,000 over the five-year option period, plus a percentage of the film's revenues.[22] The rights would revert to Marvel if a film was not made by April 1990.[23] Marvel and Sony would eventually complete a film in 2002 directed by Sam Raimi after the rights had been re-secured, following a lengthy period of litigation between Marvel, Sony and several other parties over the film rights.[24][25][26]

Cannon's films proved to be much more popular in the United Kingdom than in its native United States, which is why Cannon acquired several British cinema chains during the 1980s, and founded the mail-order video distribution service Videolog as a joint venture with Columbia House Europe, Ltd. in the mid-1980s. Cannon Cinemas were a familiar sight in the United Kingdom until the late 1990s, when MGM Cannon cinemas were sold to Virgin who retained the multi screen sites and sold the traditional sites to a new ABC Cinemas. Cannon purchased the Thorn EMI film assets from businessman Alan Bond in April 1986 for £175 million;[27] Cannon Screen Entertainment and archrival The Rank Organization jointly signed a $10 million agreement with the BBC that August for the latter to broadcast both companies' films.[28]

1987–1991: Parretti era edit

By 1988, a cooling in the film market and a series of box office disappointments—including the multimillion-dollar production of Superman IV: The Quest for Peace (1987), whose original $36-million budget was slashed to $17 million—had once again put Cannon in financial woes. The company signed an agreement with Warner Bros. to handle part of their assets; however, the financial loss was staggering. Following the purchase of the Thorn EMI assets, Cannon Films was severely stretched, and faced bankruptcy; in May 1987, Cannon sold its 2,000-title Thorn-EMI library for $85 million to Weintraub Entertainment Group.[29][30] Shortly afterwards, Cannon dropped out of the HBO/Cannon Video joint venture with HBO due to Cannon's ongoing financial problems.[31][32]

The U.S. Securities and Exchange Commission began an investigation into Cannon's financial reports, suspecting that Cannon had fraudulently misstated them. On the verge of failure, Cannon Films was taken over by Pathé Communications, a holding company controlled by Italian financier Giancarlo Parretti. Financed by the French bank Crédit Lyonnais, already involved with Cannon for years, Pathé Communications' takeover of Cannon immediately began a corporate restructuring and refinancing of $250 million to pay off Cannon's debt. By 1989, Golan, citing differences with both Parretti and Globus, resigned from his position and left Cannon to start 21st Century Film Corporation, while Globus remained with Pathé.

One of the final films produced by Golan and Globus that received a wide release under the Cannon Films banner was the post-apocalyptic action film Cyborg. This film was conceived to use both the costumes and sets built for an intended sequel to Masters of the Universe and the ill-fated live-action version of Spider-Man. Both projects were planned to shoot simultaneously under the direction of Albert Pyun. Not to let that pre-production work go to waste, Pyun wrote Cyborg, with Chuck Norris in mind, suggesting it to Cannon Films. Jean-Claude Van Damme was cast in the lead role.

Following Golan's departure from Cannon, he became the head of 21st Century Film Corporation, an independent company. The Cannon Group was renamed and restructured by Parretti with Globus being made co-president of Pathé Communications and chairman of Cannon International and Alan Ladd Jr. was brought in as chairman of Pathé Entertainment.[33] In 1989, Pathé greenlit three films, The Russia House with Sean Connery and Michelle Pfeiffer, Quigley Down Under starring Tom Selleck and Fires Within with Jimmy Smits. They also announced Shattered directed by Wolfgang Petersen, Not Without My Daughter with Sally Field, Company Business starring Gene Hackman and Mikhail Baryshnikov as well as Ridley Scott's Thelma & Louise.[34] They signed a domestic distribution deal with Warner Bros. for its theatrical product.[35]

Not soon after announcing a new slate of films and the distribution deal with Warner Bros., Parretti made a $1.2 billion bid for Metro-Goldwyn-Mayer, backed by Crédit Lyonnais. The bid was accepted and Parretti merged Pathé Communications and MGM to create MGM-Pathé Communications.[36] With the merger majority of the former Cannon Group library became part of the MGM library (certain rights for other media and select films during the Thorn EMI merger now lie with other entities). As MGM-Pathé Communications had a distribution deal with Warner Bros. (and who had part financed Parretti's takeover bid), Parretti axed the MGM/UA Home Video department as one of his first acts in charge, resulting in the loss of eighty jobs.[37]

Crédit Lyonnais foreclosed on Parretti in July 1991 after he defaulted on loan payments[38] and sued for the removal of Paretti, his wife Maria Cecconi, his daughter Valentina Parretti, Yoram Globus, Florio Fiorini, Danny Dimbort, Antonio Pares-Neira and Lewis Horowitz from the board of directors.[39]

Parretti was pushed out of management control of MGM-Pathé Communications and the board and countersued Crédit Lyonnais, claiming they destroyed his ability to make money at MGM-Pathé, in an attempt to wrestle control back.[40] Parretti was later convicted of perjury and evidence tampering in a Delaware court for statements he made in a 1991 civil case, brought by Credit Lyonnais to validate their removal of Parretti, to the effect that a document he claimed allowed him to retain control of MGM was authentic;[41][42] he fled the country for Italy before he could be sentenced or extradited to France, where he was wanted on criminal charges related to his use of MGM's French assets.[42][43]

In 1997, the California Superior Court in Los Angeles entered a final judgement in a separate civil suit against Parretti, ordering him to pay $1.48 billion to Credit Lyonnais.[42] After Federal prosecutors unsealed an indictment against Parretti and Florio Fiorini accusing them of fraud in 1999, Italian authorities arrested both men and held them for extradition to the United States.[44] Parretti was released by the court of appeal in Perugia shortly thereafter, ordered to remain in his home town of Orvieto and report to the police three times a week, even though authorities in Rome had requested he be held pending a decision on the extradition.[citation needed]

1989–1997: Cannon Pictures, Inc. era edit

In 1989, Parretti reorganized Cannon Pictures, Inc. as the low-budget distribution arm of Pathé led by veteran Italian film producer Ovidio G. Assonitis.[45] That year at MIFED, the company announced and impressive line-up several new productions and releases, Fifty/Fifty, Delta Force 2: The Colombian Connection and TOP KICK with Chuck Norris, WINGS with Michael Dudikoff, American Ninja 4 with Dudikoff and David Bradley, JAM to be directed by Joel Silberg, Dusted (later released as Death Warrant with Jean-Claude Van Damme), Keaton's Cop with Lee Majors, Midnight Ride with Michael Dudikoff and Mark Hamill, an untitled film starring Charles Bronson, Crack House with Richard Roundtree and Jim Brown, Rockula, The Rose Garden with Maximilian Schell and Liv Ullmann, The Secret of the Ice Cave with Michael Moriarty and Sally Kellerman and A Man Called Sarge.[46] The new slate of pictures was expected to cost $50 million[47] The company managed to post a small operating profit before the end of the year.[48] JAM was rebranded as Lambada to cash in on the craze and released in 1990.[49]

After the MGM-Pathé Communications merger, Parretti agreed to sell Pathé's 60% majority stake in Cannon Pictures to Assonitis and a group of investors for $14 million. The sale would include the office building at 8200 Wiltshire Blvd, where Cannon Pictures was based.[50][51] Parretti tried to push the deal through quickly to release some capital for MGM-Pathé,[52] However, the deal fell through less than two months later due to financing problems and MGM-Pathé Communications had been granted an easement on financial conditions that were placed upon it by its lenders as part of the MGM buyout.[53]

At the same board meeting, Assonitis and Cannon Pictures vice-chairman William J. Immerman were fired and replaced by Danny Dimbort. Cannon's marketing and casting operations were shut down by Pathé.[54][55] All of Cannon Pictures' marketing was placed under Pathé's existing operations.[56] Former Cannon Group production head Christopher Pearce was named as Assonitis' replacement and in November 1990, he bought Pathé's stake in Cannon Pictures for $14 million with a deal which allowed Pathé to distribute Lambada, Midnight Ride and American Ninja 4.[57]

Under Pearce, Cannon Pictures announced it will keep contracts with players Charles Bronson, Chuck Norris and Michael Dudikoff signed under Golan's management and revealed a slate of films in 1991, Fifty/Fifty now starring Peter Weller and Robert Hays, No Place to Hide with Kris Kristofferson and Drew Barrymore, The Hitman with Chuck Norris, The Human Shield and Rescue Me both with Michael Dudikoff.[58] Richard Inouye joined the company in February 1991 as vice-president and CFO.[59] American Ninja V and the unmade Ants of God were added to the slate at the AFM in 1991 and Warner Home Video signed an agreement to distribute Cannon Pictures' output in North America, UK, Japan, Italy and Australia for ten years.[60]

Cannon Pictures greatly expanded its slate in time for the Cannes Film Festival in 1991 with a total slate of 18 films, in addition to those already announced, there was; American Kickboxer 1, Black Cat Run with Michael Dudikoff, The Borrower, Deep End from Boaz Davidson, Delta Force 3: The Killing Game, Dream Lover from Boaz Davidson, Ninja: The American Samurai, Solemn Oath and Terminal Bliss.[61]

When Crédit Lyonnais foreclosed on Parretti in July 1991, the sale of Cannon Pictures was questioned by the bank because Christopher Pearce was a board member of MGM-Pathé Communications at the time of the sale and the disclosure of interest of Pearce was not stated in documentation. Crédit Lyonnais' legal filings against Parretti also name Danny Dimbort, a member of the board of both companies, for receiving $140,000 "for services rendered, although Mr Dimbort did not perform any services to justify payments".[39] Globus was eventually dismissed from the Crédit Lyonnais suits and set up foreign sales company, Melrose Entertainment, which handled much of Cannon Pictures' sales, alongside that of Global Pictures, another company run by Pearce.[62] In the wake of the Crédit Lyonnais foreclosure on MGM-Pathé Communications, Pearce stepped down as president of Global Pictures, being replaced by Avi Lerner.[63]

In early 1992, there was a middle-management reshuffle at Cannon Pictures with an aim to maximise revenue from Cannon's releases. The Hitman proved to be an early success for the new team.[64] Cannon later sued Vision International and its chairman Mark Damon for $15 million over Chuck Norris' involvement in the film, Sidekicks. Cannon Pictures retained Chuck Norris under an "exclusive services" contract that was made in the 1980s by Menahem Golan. Cannon Pictures loaned Norris to the makers of Sidekicks for a cameo role under the agreement that he would not appear in more than 30% of the movie and Cannon objected to Norris receiving "above the title billing" for the film.[65]

At the Cannes Film Festival in 1992, Pearce and Yoram Globus announced they were merging Globus' privately held Melrose Entertainment, Pearce's privately owned Global Pictures and the publicly traded Cannon Pictures into one single entity called the Cannon Entertainment Group. The merger was announced alongside a slate of pictures including Chicago Loop with James Spader, Cold to the Touch with Chuck Norris, Teen Angel from Boaz Davidson, Ivory to be directed by Aaron Norris, Delta Force IV: The Deadly Dozen directed by Brian Hutton and White Sun with Michael Dudikoff,[66] as well as a new TV show called Sam Bolt: Texas Ranger, which would later become Walker, Texas Ranger.[67]

Shortly afterwards, they announced that Joe Lara had been signed to an exclusive 10-picture deal with the new company. Lara was currently in production on American Cyborg: Steel Warrior which would not be included in the overall deal, however no films were made from this deal.[68] By mid-1992, the merger was cancelled after the backers couldn't come to an arrangement with Crédit Lyonnais.[69] Cannon continued with development of Walker, Texas Ranger after CBS picked the series up for 13 episodes.[70] Cash flow problems began to have a serious impact on the company. In October 1992, James Spader sued Cannon Pictures over his $1 million fee for his Chicago Loop pay-or-play deal;[71] and a suit from Michael Dudikoff followed in December, stating he had not been paid from the four films he had made for Cannon.[72]

Cannon Pictures posted a net profit of $1.3 million for the nine months ending September 1992 and secured a new $15 million line of credit from the ING Bank in Amsterdam after Crédit Lyonnais refused to lend more until their loans were fully repaid, which wasn't due for another four years.[73]

In February 1993, Cannon ran out of money to continue production of Walker, Texas Ranger, due to the indictments of funding partner Banca Nazionale del Lavoro, then embroiled in a scandal over unauthorized loans to Iraq, and producers were desperately trying to raise more money to complete the miniseries.[74] CBS Productions later stepped in with additional funds to complete the production.[75] In August 1993, Cannon reported a net profit of $1 million for its second quarter, double the same period the previous year, due to the success of Walker, Texas Ranger.[76] Cannon Pictures was sued for $14 million in December 1993 by Pictor Insurance Co. and the Peter Miller Corp. for breach of contract over Cannon pulling out of a financing agreement with the two companies.[77]

With this additional pressure, Christopher Pearce began exploring selling his stock in Cannon Pictures, but this resulted in another lawsuit being filed against the company and two investment bankers, Robert Blake and Runa Alam, by the Independent Artists Picture Corp. The lawsuit claimed interference and breach of contract in connection with IAPCs plans to buy Cannon Pictures stock in a takeover bid, which would have seen Blake purchase Christopher Pearce's stock and Blake and Alam would then take control of the day-to-day operations of the company.[78] During this time, Pearce was also exploring a sale to Panda Pictures, but this deal collapsed in another lawsuit with Panda claiming $20 million in damages from Cannon Pictures after Pearce reportedly lied about the company's financial condition.[79]

In 1994, Cannon Pictures released its last film, Hellbound in select theatres in Los Angeles. Shortly afterwards, Christopher Pearce sold controlling interest in Cannon Pictures to VMI Acquisitions Inc.[80] The new owners settled some debts at the company, but shortly after the takeover, a group of creditors including Charles Bronson and Everyvision Inc. sued Cannon Pictures to force it into bankruptcy.[81][82] The creditors succeeded in pushing the company into Chapter 11 bankruptcy.[83] Soon afterwards, it was discovered Christopher Pearce was selling disputed Cannon titles, including Twin Sitters, Delta Force 3, American Samurai, Street Knight, Tobe Hooper's Night Terrors and American Cyborg: Steel Warrior at the Tokyo Film Festival. A judge blocked all sales made at Tokyo and blocked any further sales that were due to take place at MIFED 1994.[84] To prevent any fraudulent deals at MIFED, a warning appeared in Screen International and other publications stating all business must be done with the court appointed trustee and not with Pearce.[85]

The United States bankruptcy court set a deadline of January 11, 1995 for creditors of Cannon Pictures to submit their claim and evidence of debt.[86] Cannon Pictures, its library of 135 films, as well as 112 films from the company's previous incarnation, 21st Century Film Distribution officially went up for sale on August 14, 1997[87] with the auction taking place on September 15.[88] The property was sold to Imperial Entertainment.[89]

In February 1998, a judge ruled that Ovidio G. Assonitis had been wrongfully terminated from the company by Parretti and Pathé. The judge awarded Assonitis $2.9 million in damages, but by this time, Pathé was bankrupt and had been foreclosed on by Credit Lyonnais.[90]

2001–2002: New Cannon, Inc. era edit

New Cannon, Inc. was formed by Menahem Golan in 2001 and he hired Evgeny Afineevsky to act as the company's president. Afineevsky would be based in Los Angeles, while Golan would be based in Tel Aviv.[91] Crime and Punishment, which was originally shot in 1993 under Golan's 21st Century Film Corporation but was not released before 21st Century's bankruptcy, was their first offering alongside a slate of new films including Death Game, a remake of Fritz Lang's M, Kumite (later made as Final Combat but never released) and Open Heart (released in 2002 as Return from India).[91]

By the 2002 Cannes Film Festival, New Cannon had completed Death Game and Return from India and announced a new project, Beauty and the Beast to be directed by Pharaoh Phillips alongside sales for previously released films Train to Hell and In Search of A Woman, an unreleased title from PM Entertainment.[92] The company was taken over by Vision Films later that year and Afineevsky went on to form New Generation Films to produce Oy Vey! My Son Is Gay!! from a script by Golan.[93] He went on to make documentaries, Cries from Syria and Winter on Fire: Ukraine's Fight for Freedom, which was nominated for an Academy Award for Best Documentary Feature and the Primetime Emmy Award in the Exceptional Merit in Documentary Filmmaking category.[94][95]

Golan continued to produce and direct films after New Cannon, including Children of Wax with Armand Assante and Udo Kier, A Dangerous Dance and Marriage Agreement. In 2013, Golan announced sequels to several films he had produced The Cannon Group, Inc. in partnership with MGM including Allan Quatermain and the Jewel of the East with Richard Chamberlain and Sharon Stone returning to their roles, Return of the Delta Force and American Ninja Apprentice with Michael Dudikoff, David Bradley and Steve James' daughter Debbi, alongside new original projects The Sniper with Mickey Rourke and Bruce Willis and The Golem with Al Pacino and Nastassja Kinski, but Golan died before any were produced.[96]

2014: Rival Documentaries edit

In 2014, there were two documentary films released about Cannon Films. RatPac Entertainment released Electric Boogaloo: The Wild, Untold Story of Cannon Films, a documentary about Cannon Films, written and directed by Mark Hartley, and produced by Brett Ratner.[97] That same year, the Israeli documentary The Go-Go Boys: The Inside Story of Cannon Films was launched at the 2014 Cannes Film Festival.[98] As is noted at the end of Electric Boogaloo, Golan and Globus announced The Go-Go Boys shortly after they were approached to appear in Boogaloo, yet in true Cannon fashion, their movie beat Hartley's to release by 3 months.

2016–present: Rebel Way Entertainment edit

In 2015, Globus sold "Globus Max" and returned to Hollywood to launch a new film production company, "Rebel Way Entertainment." The company seeks to reconnect young and web-crazy audiences with the traditional theatrical experience.[99] As of February 2023, their only film is Deported (2020), directed by Tyler Spindel.

Filmography edit

Main article: List of The Cannon Group films

See also edit

  • MGM Home Entertainment, whose parent company MGM now owns most of Cannon films' library.
  • Warner Bros. Home Entertainment, Warner Bros. Home Entertainment (through the joint venture Studio Distribution Services) is also a new distributor under license from MGM Home Entertainment since July 1, 2020, as a result of MGM/Fox home media deal expiring on June 30, in which WB now managed to distributed the entire Cannon films' library (with MGM) in physical home media worldwide.
  • Paramount Pictures, the company that owns the television rights to most of the Cannon library.

References edit

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External links edit

  • Cannon Films Appreciation Society
  • Menahem Golan at IMDb
  • Yoram Globus at IMDb
  • "Loose Cannons Podcast" Hosts Mathew Kumar and Justin Decloux discuss the Cannon Films Library in (mostly) Chronological Order
  • Cannon Films Night on The Radio Dan Show

January 01, 1970
cannon, group, confused, with, canon, cannon, group, redirects, here, confused, with, canyon, group, american, group, companies, including, cannon, films, which, produced, films, from, 1967, 1994, extensive, group, also, owned, amongst, others, large, internat. Not to be confused with Canon Inc Cannon Group redirects here Not to be confused with Canyon Group The Cannon Group Inc was an American group of companies including Cannon Films which produced films from 1967 to 1994 2 The extensive group also owned amongst others a large international cinema chain and a video film company that invested heavily in the video market buying the international video rights to several classic film libraries Some of their best known films include Joe 1970 Runaway Train 1985 and Street Smart 1987 all of which were Oscar nominated The Cannon Group Inc Company typePrivateIndustryFilm productionFoundedOctober 23 1967 56 years ago 1967 10 23 FoundersDennis FriedlandChristopher C DeweyDefunctJanuary 21 1994 30 years ago 1994 01 21 FateRebranded as Pathe Communications and later folded into Metro Goldwyn MayerSuccessorLibrary Metro Goldwyn Mayer with some exceptions HeadquartersUnited States Also owned studios and cinema chains throughout the UK Israel and Europe Key peopleDennis Friedland 1967 1979 Christopher C Dewey 1967 1979 Menahem Golan 1979 1989 1 Yoram Globus 1979 1994 Giancarlo Parretti 1989 1990 Ovidio G Assonitis 1989 1990 Christopher Pearce 1990 1994 ProductsMotion picturesVideo releasingCinema Chains UK and Europe SubsidiariesCannon VideoCannon CinemasThorn EMI Screen EntertainmentHBO Cannon VideoABC Cinemas Contents 1 1967 1979 Friedland Dewey era 2 1979 1987 Golan Globus era 3 1987 1991 Parretti era 4 1989 1997 Cannon Pictures Inc era 5 2001 2002 New Cannon Inc era 6 2014 Rival Documentaries 7 2016 present Rebel Way Entertainment 8 Filmography 9 See also 10 References 11 External links1967 1979 Friedland Dewey era editCannon Films was incorporated on October 23 1967 It was formed by Dennis Friedland and Chris Dewey while they were in their early 20s They had immediate success producing English language versions of Swedish soft porn films directed by Joseph W Sarno Inga 1968 aka Jag en oskuld and To Ingrid My Love Lisa 1968 aka Kvinnolek By 1970 they had produced films on a larger production scale than a lot of major distributors such as Joe starring Peter Boyle 3 They managed this by tightly limiting their budgets to 300 000 per picture or less in some cases The success of Joe brought more attention to the company 3 As the 1970s moved on a string of unsuccessful films seriously drained Cannon s capital This along with changes to film production tax laws led to a drop in Cannon s stock price 1979 1987 Golan Globus era editBy 1979 Cannon had hit serious financial difficulties and Friedland and Dewey sold Cannon to Israeli cousins Menahem Golan who had directed The Apple and Yoram Globus for 500 000 4 The two cousins forged a business model of buying bottom barrel scripts and putting them into production They produced such films in a variety of genres although their biggest successes were with action films They tapped into a ravenous market for B movies in the 1980s 5 After buying the rights to the 1974 film Death Wish Cannon produced three sequels to it in the 1980s all starring Charles Bronson Despite negative reviews these films were financially successful especially Death Wish II 1982 which earned over 40 million on an 8 million budget Other major hits for Cannon were a series of action movies starring Chuck Norris including Missing in Action 1984 6 Invasion U S A 1985 and The Delta Force 1986 Missing in Action was criticized heavily as being a preemptive cash in on the Rambo franchise 7 8 James Cameron s story treatment for Rambo First Blood Part II was floating around Hollywood in 1983 which Golan and Globus reviewed and were inspired by 7 8 The writers of MIA even gave Cameron credit saying their film was inspired by his script treatment 9 The Cannon Group ignited a worldwide ninja craze with The Ninja Trilogy a film series which consisted of Enter the Ninja 1981 Revenge of the Ninja 1983 and Ninja III The Domination 1984 all starring Sho Kosugi as well as American Ninja 1985 and its sequel American Ninja 2 The Confrontation 1987 Other action adventure films they produced included the 3 D Treasure of the Four Crowns King Solomon s Mines and the vigilante thriller sequel Exterminator 2 The Cannon Group s biggest financial success was with the 1986 action film Cobra which starred Sylvester Stallone not a low budget film it earned 160 million on a 25 million budget Cannon produced musical and comedy films such as Breakin Breakin 2 Electric Boogaloo The Last American Virgin and the U S release of The Apple erotic period drama pictures such as Lady Chatterley s Lover 1981 Bolero and Mata Hari 1985 science fiction and fantasy films such as Hercules Lifeforce and The Barbarians and serious pictures such as John Cassavetes Love Streams Franco Zeffirelli s Otello a film version of the Verdi opera Norman Mailer s Tough Guys Don t Dance and Andrei Konchalovsky s Runaway Train and Shy People During these years Cannon prominently advertised at the Cannes Film Festival each year Substantial pre sales of the next years films were made based on the strong salesmanship skills of Globus The deposits made from these sales financed production of the first film in the production line up which when completed and delivered to theatre owners around the world generated enough money to make the next film in the line up Slavenburg s bank nl in the Netherlands which had provided Cannon s start up capital in 1979 and their principal loan officer Frans Afman provided bridge financing until the pre sales amounts were collected this role was inherited by Credit Lyonnais after their purchase of Slavenburg s in 1983 10 In 1982 The Cannon Group Inc entered into a relationship with MGM UA Entertainment Co with the latter company serving as Cannon s distributor for North American theatrical and video releases this would not be the last time Cannon dealt with MGM 11 12 In 1984 Cannon expanded further into Europe signing with UGC for French distribution and acquiring Kenneth Rive s Gala Films which was absorbed into Cannon Group s U K distribution arm 13 14 On June 25 1985 Cannon bought the rights to produce future films based on the comic book character Superman from the Salkinds and struck a distribution assignment with Warner Bros owners of the Superman property for a 1987 release 15 Cannon also further expanded their French assets with the aim of becoming the largest film distributor in France 16 By 1986 output reached an apex with 43 films in one year Golan remained chairman of the board while Globus served as president In 1986 Cannon attempted to produce film adaptations of the stage plays Zorba and American Buffalo but these films never materialized 17 Another film project that ultimately never materialized was a live action film based on Barbie with planned plotline concerning the doll showing her owner that her dreams could come true A live action movie based on the property wouldn t emerge until 2023 18 Other areas of interest included plans for television adaptation of Cannon properties 19 and following up their adaptation of Rumpelstiltskin with a total of 12 fairy tale films as the Cannon Movie Tales series Cannon wound up releasing only a few of the fairy tales 20 Film critic Roger Ebert said of Golan Globus in 1987 no other production organization in the world today certainly not any of the seven Hollywood majors has taken more chances with serious marginal films than Cannon 21 That year Cannon gained its greatest artistic success its 1986 Dutch production The Assault won the 1987 Academy Award for Best Foreign Language Film and a Golden Globe Award for Best Foreign Language Film Meanwhile Otello based on the opera of the same name also received a Golden Globe nomination that year Golan and Cannon Films were famous for making huge announcements and over promoting films that did not live up to expectations or even exist For instance Lifeforce 1985 was to be the cinematic sci fi event of the 80s and Masters of the Universe 1987 was dubbed the Star Wars of the 80s Diversifying from film production Cannon had begun purchasing film distributors and movie theaters The purchases ranged from European companies Thorn EMI Screen Entertainment Tuschinski Theatres a 49 screen theater chain in the Netherlands and the 53 screen Cannon Cinema Italia to the sixth largest chain in the United States the 425 screen marginally profitable Commonwealth Theaters Additionally Cannon owned the film rights to Spider Man and planned to make a Spider Man film in the mid 1980s 22 Golan and Globus agreed to pay Marvel Comics 225 000 over the five year option period plus a percentage of the film s revenues 22 The rights would revert to Marvel if a film was not made by April 1990 23 Marvel and Sony would eventually complete a film in 2002 directed by Sam Raimi after the rights had been re secured following a lengthy period of litigation between Marvel Sony and several other parties over the film rights 24 25 26 Cannon s films proved to be much more popular in the United Kingdom than in its native United States which is why Cannon acquired several British cinema chains during the 1980s and founded the mail order video distribution service Videolog as a joint venture with Columbia House Europe Ltd in the mid 1980s Cannon Cinemas were a familiar sight in the United Kingdom until the late 1990s when MGM Cannon cinemas were sold to Virgin who retained the multi screen sites and sold the traditional sites to a new ABC Cinemas Cannon purchased the Thorn EMI film assets from businessman Alan Bond in April 1986 for 175 million 27 Cannon Screen Entertainment and archrival The Rank Organization jointly signed a 10 million agreement with the BBC that August for the latter to broadcast both companies films 28 1987 1991 Parretti era editBy 1988 a cooling in the film market and a series of box office disappointments including the multimillion dollar production of Superman IV The Quest for Peace 1987 whose original 36 million budget was slashed to 17 million had once again put Cannon in financial woes The company signed an agreement with Warner Bros to handle part of their assets however the financial loss was staggering Following the purchase of the Thorn EMI assets Cannon Films was severely stretched and faced bankruptcy in May 1987 Cannon sold its 2 000 title Thorn EMI library for 85 million to Weintraub Entertainment Group 29 30 Shortly afterwards Cannon dropped out of the HBO Cannon Video joint venture with HBO due to Cannon s ongoing financial problems 31 32 The U S Securities and Exchange Commission began an investigation into Cannon s financial reports suspecting that Cannon had fraudulently misstated them On the verge of failure Cannon Films was taken over by Pathe Communications a holding company controlled by Italian financier Giancarlo Parretti Financed by the French bank Credit Lyonnais already involved with Cannon for years Pathe Communications takeover of Cannon immediately began a corporate restructuring and refinancing of 250 million to pay off Cannon s debt By 1989 Golan citing differences with both Parretti and Globus resigned from his position and left Cannon to start 21st Century Film Corporation while Globus remained with Pathe One of the final films produced by Golan and Globus that received a wide release under the Cannon Films banner was the post apocalyptic action film Cyborg This film was conceived to use both the costumes and sets built for an intended sequel to Masters of the Universe and the ill fated live action version of Spider Man Both projects were planned to shoot simultaneously under the direction of Albert Pyun Not to let that pre production work go to waste Pyun wrote Cyborg with Chuck Norris in mind suggesting it to Cannon Films Jean Claude Van Damme was cast in the lead role Following Golan s departure from Cannon he became the head of 21st Century Film Corporation an independent company The Cannon Group was renamed and restructured by Parretti with Globus being made co president of Pathe Communications and chairman of Cannon International and Alan Ladd Jr was brought in as chairman of Pathe Entertainment 33 In 1989 Pathe greenlit three films The Russia House with Sean Connery and Michelle Pfeiffer Quigley Down Under starring Tom Selleck and Fires Within with Jimmy Smits They also announced Shattered directed by Wolfgang Petersen Not Without My Daughter with Sally Field Company Business starring Gene Hackman and Mikhail Baryshnikov as well as Ridley Scott s Thelma amp Louise 34 They signed a domestic distribution deal with Warner Bros for its theatrical product 35 Not soon after announcing a new slate of films and the distribution deal with Warner Bros Parretti made a 1 2 billion bid for Metro Goldwyn Mayer backed by Credit Lyonnais The bid was accepted and Parretti merged Pathe Communications and MGM to create MGM Pathe Communications 36 With the merger majority of the former Cannon Group library became part of the MGM library certain rights for other media and select films during the Thorn EMI merger now lie with other entities As MGM Pathe Communications had a distribution deal with Warner Bros and who had part financed Parretti s takeover bid Parretti axed the MGM UA Home Video department as one of his first acts in charge resulting in the loss of eighty jobs 37 Credit Lyonnais foreclosed on Parretti in July 1991 after he defaulted on loan payments 38 and sued for the removal of Paretti his wife Maria Cecconi his daughter Valentina Parretti Yoram Globus Florio Fiorini Danny Dimbort Antonio Pares Neira and Lewis Horowitz from the board of directors 39 Parretti was pushed out of management control of MGM Pathe Communications and the board and countersued Credit Lyonnais claiming they destroyed his ability to make money at MGM Pathe in an attempt to wrestle control back 40 Parretti was later convicted of perjury and evidence tampering in a Delaware court for statements he made in a 1991 civil case brought by Credit Lyonnais to validate their removal of Parretti to the effect that a document he claimed allowed him to retain control of MGM was authentic 41 42 he fled the country for Italy before he could be sentenced or extradited to France where he was wanted on criminal charges related to his use of MGM s French assets 42 43 In 1997 the California Superior Court in Los Angeles entered a final judgement in a separate civil suit against Parretti ordering him to pay 1 48 billion to Credit Lyonnais 42 After Federal prosecutors unsealed an indictment against Parretti and Florio Fiorini accusing them of fraud in 1999 Italian authorities arrested both men and held them for extradition to the United States 44 Parretti was released by the court of appeal in Perugia shortly thereafter ordered to remain in his home town of Orvieto and report to the police three times a week even though authorities in Rome had requested he be held pending a decision on the extradition citation needed 1989 1997 Cannon Pictures Inc era editIn 1989 Parretti reorganized Cannon Pictures Inc as the low budget distribution arm of Pathe led by veteran Italian film producer Ovidio G Assonitis 45 That year at MIFED the company announced and impressive line up several new productions and releases Fifty Fifty Delta Force 2 The Colombian Connection and TOP KICK with Chuck Norris WINGS with Michael Dudikoff American Ninja 4 with Dudikoff and David Bradley JAM to be directed by Joel Silberg Dusted later released as Death Warrant with Jean Claude Van Damme Keaton s Cop with Lee Majors Midnight Ride with Michael Dudikoff and Mark Hamill an untitled film starring Charles Bronson Crack House with Richard Roundtree and Jim Brown Rockula The Rose Garden with Maximilian Schell and Liv Ullmann The Secret of the Ice Cave with Michael Moriarty and Sally Kellerman and A Man Called Sarge 46 The new slate of pictures was expected to cost 50 million 47 The company managed to post a small operating profit before the end of the year 48 JAM was rebranded as Lambada to cash in on the craze and released in 1990 49 After the MGM Pathe Communications merger Parretti agreed to sell Pathe s 60 majority stake in Cannon Pictures to Assonitis and a group of investors for 14 million The sale would include the office building at 8200 Wiltshire Blvd where Cannon Pictures was based 50 51 Parretti tried to push the deal through quickly to release some capital for MGM Pathe 52 However the deal fell through less than two months later due to financing problems and MGM Pathe Communications had been granted an easement on financial conditions that were placed upon it by its lenders as part of the MGM buyout 53 At the same board meeting Assonitis and Cannon Pictures vice chairman William J Immerman were fired and replaced by Danny Dimbort Cannon s marketing and casting operations were shut down by Pathe 54 55 All of Cannon Pictures marketing was placed under Pathe s existing operations 56 Former Cannon Group production head Christopher Pearce was named as Assonitis replacement and in November 1990 he bought Pathe s stake in Cannon Pictures for 14 million with a deal which allowed Pathe to distribute Lambada Midnight Ride and American Ninja 4 57 Under Pearce Cannon Pictures announced it will keep contracts with players Charles Bronson Chuck Norris and Michael Dudikoff signed under Golan s management and revealed a slate of films in 1991 Fifty Fifty now starring Peter Weller and Robert Hays No Place to Hide with Kris Kristofferson and Drew Barrymore The Hitman with Chuck Norris The Human Shield and Rescue Me both with Michael Dudikoff 58 Richard Inouye joined the company in February 1991 as vice president and CFO 59 American Ninja V and the unmade Ants of God were added to the slate at the AFM in 1991 and Warner Home Video signed an agreement to distribute Cannon Pictures output in North America UK Japan Italy and Australia for ten years 60 Cannon Pictures greatly expanded its slate in time for the Cannes Film Festival in 1991 with a total slate of 18 films in addition to those already announced there was American Kickboxer 1 Black Cat Run with Michael Dudikoff The Borrower Deep End from Boaz Davidson Delta Force 3 The Killing Game Dream Lover from Boaz Davidson Ninja The American Samurai Solemn Oath and Terminal Bliss 61 When Credit Lyonnais foreclosed on Parretti in July 1991 the sale of Cannon Pictures was questioned by the bank because Christopher Pearce was a board member of MGM Pathe Communications at the time of the sale and the disclosure of interest of Pearce was not stated in documentation Credit Lyonnais legal filings against Parretti also name Danny Dimbort a member of the board of both companies for receiving 140 000 for services rendered although Mr Dimbort did not perform any services to justify payments 39 Globus was eventually dismissed from the Credit Lyonnais suits and set up foreign sales company Melrose Entertainment which handled much of Cannon Pictures sales alongside that of Global Pictures another company run by Pearce 62 In the wake of the Credit Lyonnais foreclosure on MGM Pathe Communications Pearce stepped down as president of Global Pictures being replaced by Avi Lerner 63 In early 1992 there was a middle management reshuffle at Cannon Pictures with an aim to maximise revenue from Cannon s releases The Hitman proved to be an early success for the new team 64 Cannon later sued Vision International and its chairman Mark Damon for 15 million over Chuck Norris involvement in the film Sidekicks Cannon Pictures retained Chuck Norris under an exclusive services contract that was made in the 1980s by Menahem Golan Cannon Pictures loaned Norris to the makers of Sidekicks for a cameo role under the agreement that he would not appear in more than 30 of the movie and Cannon objected to Norris receiving above the title billing for the film 65 At the Cannes Film Festival in 1992 Pearce and Yoram Globus announced they were merging Globus privately held Melrose Entertainment Pearce s privately owned Global Pictures and the publicly traded Cannon Pictures into one single entity called the Cannon Entertainment Group The merger was announced alongside a slate of pictures including Chicago Loop with James Spader Cold to the Touch with Chuck Norris Teen Angel from Boaz Davidson Ivory to be directed by Aaron Norris Delta Force IV The Deadly Dozen directed by Brian Hutton and White Sun with Michael Dudikoff 66 as well as a new TV show called Sam Bolt Texas Ranger which would later become Walker Texas Ranger 67 Shortly afterwards they announced that Joe Lara had been signed to an exclusive 10 picture deal with the new company Lara was currently in production on American Cyborg Steel Warrior which would not be included in the overall deal however no films were made from this deal 68 By mid 1992 the merger was cancelled after the backers couldn t come to an arrangement with Credit Lyonnais 69 Cannon continued with development of Walker Texas Ranger after CBS picked the series up for 13 episodes 70 Cash flow problems began to have a serious impact on the company In October 1992 James Spader sued Cannon Pictures over his 1 million fee for his Chicago Loop pay or play deal 71 and a suit from Michael Dudikoff followed in December stating he had not been paid from the four films he had made for Cannon 72 Cannon Pictures posted a net profit of 1 3 million for the nine months ending September 1992 and secured a new 15 million line of credit from the ING Bank in Amsterdam after Credit Lyonnais refused to lend more until their loans were fully repaid which wasn t due for another four years 73 In February 1993 Cannon ran out of money to continue production of Walker Texas Ranger due to the indictments of funding partner Banca Nazionale del Lavoro then embroiled in a scandal over unauthorized loans to Iraq and producers were desperately trying to raise more money to complete the miniseries 74 CBS Productions later stepped in with additional funds to complete the production 75 In August 1993 Cannon reported a net profit of 1 million for its second quarter double the same period the previous year due to the success of Walker Texas Ranger 76 Cannon Pictures was sued for 14 million in December 1993 by Pictor Insurance Co and the Peter Miller Corp for breach of contract over Cannon pulling out of a financing agreement with the two companies 77 With this additional pressure Christopher Pearce began exploring selling his stock in Cannon Pictures but this resulted in another lawsuit being filed against the company and two investment bankers Robert Blake and Runa Alam by the Independent Artists Picture Corp The lawsuit claimed interference and breach of contract in connection with IAPCs plans to buy Cannon Pictures stock in a takeover bid which would have seen Blake purchase Christopher Pearce s stock and Blake and Alam would then take control of the day to day operations of the company 78 During this time Pearce was also exploring a sale to Panda Pictures but this deal collapsed in another lawsuit with Panda claiming 20 million in damages from Cannon Pictures after Pearce reportedly lied about the company s financial condition 79 In 1994 Cannon Pictures released its last film Hellbound in select theatres in Los Angeles Shortly afterwards Christopher Pearce sold controlling interest in Cannon Pictures to VMI Acquisitions Inc 80 The new owners settled some debts at the company but shortly after the takeover a group of creditors including Charles Bronson and Everyvision Inc sued Cannon Pictures to force it into bankruptcy 81 82 The creditors succeeded in pushing the company into Chapter 11 bankruptcy 83 Soon afterwards it was discovered Christopher Pearce was selling disputed Cannon titles including Twin Sitters Delta Force 3 American Samurai Street Knight Tobe Hooper s Night Terrors and American Cyborg Steel Warrior at the Tokyo Film Festival A judge blocked all sales made at Tokyo and blocked any further sales that were due to take place at MIFED 1994 84 To prevent any fraudulent deals at MIFED a warning appeared in Screen International and other publications stating all business must be done with the court appointed trustee and not with Pearce 85 The United States bankruptcy court set a deadline of January 11 1995 for creditors of Cannon Pictures to submit their claim and evidence of debt 86 Cannon Pictures its library of 135 films as well as 112 films from the company s previous incarnation 21st Century Film Distribution officially went up for sale on August 14 1997 87 with the auction taking place on September 15 88 The property was sold to Imperial Entertainment 89 In February 1998 a judge ruled that Ovidio G Assonitis had been wrongfully terminated from the company by Parretti and Pathe The judge awarded Assonitis 2 9 million in damages but by this time Pathe was bankrupt and had been foreclosed on by Credit Lyonnais 90 2001 2002 New Cannon Inc era editNew Cannon Inc was formed by Menahem Golan in 2001 and he hired Evgeny Afineevsky to act as the company s president Afineevsky would be based in Los Angeles while Golan would be based in Tel Aviv 91 Crime and Punishment which was originally shot in 1993 under Golan s 21st Century Film Corporation but was not released before 21st Century s bankruptcy was their first offering alongside a slate of new films including Death Game a remake of Fritz Lang s M Kumite later made as Final Combat but never released and Open Heart released in 2002 as Return from India 91 By the 2002 Cannes Film Festival New Cannon had completed Death Game and Return from India and announced a new project Beauty and the Beast to be directed by Pharaoh Phillips alongside sales for previously released films Train to Hell and In Search of A Woman an unreleased title from PM Entertainment 92 The company was taken over by Vision Films later that year and Afineevsky went on to form New Generation Films to produce Oy Vey My Son Is Gay from a script by Golan 93 He went on to make documentaries Cries from Syria and Winter on Fire Ukraine s Fight for Freedom which was nominated for an Academy Award for Best Documentary Feature and the Primetime Emmy Award in the Exceptional Merit in Documentary Filmmaking category 94 95 Golan continued to produce and direct films after New Cannon including Children of Wax with Armand Assante and Udo Kier A Dangerous Dance and Marriage Agreement In 2013 Golan announced sequels to several films he had produced The Cannon Group Inc in partnership with MGM including Allan Quatermain and the Jewel of the East with Richard Chamberlain and Sharon Stone returning to their roles Return of the Delta Force and American Ninja Apprentice with Michael Dudikoff David Bradley and Steve James daughter Debbi alongside new original projects The Sniper with Mickey Rourke and Bruce Willis and The Golem with Al Pacino and Nastassja Kinski but Golan died before any were produced 96 2014 Rival Documentaries editIn 2014 there were two documentary films released about Cannon Films RatPac Entertainment released Electric Boogaloo The Wild Untold Story of Cannon Films a documentary about Cannon Films written and directed by Mark Hartley and produced by Brett Ratner 97 That same year the Israeli documentary The Go Go Boys The Inside Story of Cannon Films was launched at the 2014 Cannes Film Festival 98 As is noted at the end of Electric Boogaloo Golan and Globus announced The Go Go Boys shortly after they were approached to appear in Boogaloo yet in true Cannon fashion their movie beat Hartley s to release by 3 months 2016 present Rebel Way Entertainment editIn 2015 Globus sold Globus Max and returned to Hollywood to launch a new film production company Rebel Way Entertainment The company seeks to reconnect young and web crazy audiences with the traditional theatrical experience 99 As of February 2023 their only film is Deported 2020 directed by Tyler Spindel Filmography editMain article List of The Cannon Group filmsSee also editMGM Home Entertainment whose parent company MGM now owns most of Cannon films library Warner Bros Home Entertainment Warner Bros Home Entertainment through the joint venture Studio Distribution Services is also a new distributor under license from MGM Home Entertainment since July 1 2020 as a result of MGM Fox home media deal expiring on June 30 in which WB now managed to distributed the entire Cannon films library with MGM in physical home media worldwide Paramount Pictures the company that owns the television rights to most of the Cannon library References edit Fabrikant Geraldine March 1 1989 THE MEDIA BUSINESS Golan Quits Cannon Group To Form His Own Company The New York Times Retrieved August 8 2010 Lambie Ryan September 20 2013 The rise and fall of Cannon Films Den of Geek Retrieved March 11 2014 a b Ernie Sands Slant Let Joe Arrive As Surprise Item Variety September 23 1970 p 6 Golan Globus Finally At Home In Hollywood SunSentinel com Retrieved August 27 2010 Delugach Al August 24 1986 Cannon Bid as Major Studio Is Cliffhanger Firm s Future at Risk in High Stakes Gamble Los Angeles Times Retrieved December 4 2010 Missing in Action Box Office Mojo Retrieved January 29 2012 a b War Movie Mondays Missing in Action Movie Review The Flick Cast Retrieved January 29 2012 a b Box Office Flashback December 10 1984 Pop Dose Pop Culture News Reviews and Discussion December 10 2010 Retrieved January 29 2012 Movie Review Missing in Action Trilogy moviesoothsayer September 28 2011 Retrieved January 29 2012 Wasser Frederick 2009 Veni Vidi Video The Hollywood Empire and the VCR University of Texas Press pp 122 3 ISBN 9780292773943 Cannon Nears Deal with MGM UA For Domestic Payoff Variety April 13 1983 p 3 Cannon Hands Pics to MGM UA for Domestic Homevid Variety April 6 1983 p 3 Watkins Roger May 16 1984 Cannon Firms Five Year Pact With France s UGC for Video Theatricals Mull German Link Variety p 5 Cannon To Absorb Rive s Gala Films Variety May 23 1984 pp 5 45 Cannon buys rights to produce future Superman movies Variety June 26 1985 p 7 Cannon France Sets Mid November Bow With High Ambitions Variety October 30 1985 p 5 Cannon To Produce Zorba Buffalo Variety March 19 1986 p 4 Broeske Pat H May 25 1986 MORE BLASTS FROM CANNON Los Angeles Times Retrieved September 13 2023 Cannon Lays Foundation For Big Push Into TV Production Hour Series Lotsa Development Variety April 23 1986 p 43 Fainaru Edina April 9 1986 Cannon To Follow Rumpelstiltskin With 11 More Tales Variety p 4 Ebert Roger 1987 Two Weeks in the Midday Sun a Cannes notebook Kansas City Mo Andrews and McMeel p 109 ISBN 978 0 8362 7942 9 OCLC 16679215 a b Grover Ronald April 15 2002 Unraveling Spider Man s Tangled Web Business Week Retrieved August 8 2010 Shprintz Janet August 19 1998 Spider Man s legal web may finally be unraveled Variety Retrieved August 9 2010 Hiltzik Michael a March 2 1999 Studio Rights to Spider Man Are Untangled Los Angeles Times Retrieved September 13 2023 Thompson Anne August 19 2002 A league of her own Variety Retrieved September 13 2023 Hiltzik Michael a March 24 2002 Untangling the Web Los Angeles Times Retrieved September 13 2023 Vertical integration www terramedia co uk Retrieved September 13 2023 The Beeb Buys Rights To Cannon Rank Pics Variety August 20 1986 p 53 Knoedelseder William K Jr August 7 1987 Cannon Group Loses 9 9 Million in Quarter Los Angeles Times Retrieved July 2 2012 Cieply Michael January 11 1989 Weintraub s Worries Box Office Flops Add to Woes of Flashy Mini Major Los Angeles Times Retrieved July 2 2012 COMPANY NEWS Cannon Will Sell Home Video Stake The New York Times April 7 1987 ISSN 0362 4331 Retrieved September 13 2023 Archives L A Times April 7 1987 HBO said it is buying out HBO Cannon Video Los Angeles Times Retrieved September 13 2023 Pathe Communications names Ladd co chairman director Hollywood Reporter Los Angeles June 2 1989 Retrieved February 26 2024 BUSY SLATE FOR PATHE CANNON AFTER PARRETTI PURCHASE Variety Los Angeles February 21 1990 Retrieved February 26 2024 WB to distribute Pathe Ent films Hollywood Reporter Los Angeles May 16 1989 Retrieved February 26 2024 Pathe reportedly closes deal to buy MGM UA for 1 bil Hollywood Reporter Los Angeles March 7 1990 Retrieved February 26 2024 MGM UA Vid Staff Cuts Seen After Sale Billboard Los Angeles November 17 1990 Retrieved February 26 2024 Citron Alan Cieply Michael April 24 1991 Financing Details Add Bizarre Twist to MGM Saga Los Angeles Times Los Angeles Retrieved September 25 2010 a b Brennan Judy July 15 1991 Credit Lyonnais slaps 24 charge suit on Parretti Pathe directors Variety Los Angeles Retrieved February 26 2024 Brennan Judy October 7 1991 Parretti bank foiled my deals royally Variety Los Angeles Retrieved February 26 2024 Former MGM Owner Convicted of Perjury The New York Times New York October 3 1996 Business Day Retrieved November 12 2010 a b c Fabrikant Geraldine June 11 1997 Parretti Ordered to Pay Credit Lyonnais The New York Times New York Retrieved November 12 2010 Former MGM Executive Flees Before Court Date The New York Times New York January 4 1997 Business Day Retrieved November 12 2010 Pollack Andrew October 13 1999 Bank Has Paid 4 Million To Settle Case Over MGM The New York Times New York Retrieved November 12 2010 Delpit Ron August 30 1989 Pathe spins off film rights distrib n to new Cannon unit The Hollywood Reporter Los Angeles Retrieved February 26 2024 Cannon Pictures at MIFED Screen International London October 21 1989 Retrieved February 26 2024 New Players Back Parretti Screen International London October 28 1989 Retrieved February 26 2024 Marich Robert December 26 1989 New Players Back Parretti Screen International London Retrieved February 26 2024 Deans Laurie March 16 1990 Cousins lead the attacks in Lambada film battle The Globe and Mail Toronto Retrieved February 26 2024 Marich Robert May 16 1990 Pathe to sell stake in Cannon Pictures The Hollywood Reporter Los Angeles Retrieved February 26 2024 Citron Alan May 16 1990 Pathe Will Sell 60 of Cannon to Dutch Firm LA Times Los Angeles Retrieved February 26 2024 Noglows Paul May 16 1990 Pathe raises 5 6 million via sale of Cannon Pictures stock Variety Los Angeles Retrieved February 26 2024 Marich Robert June 8 1990 MGM UA buy postponed again Pathe terms eased Hollywood Reporter Los Angeles Retrieved February 26 2024 Spelling Dan July 10 1990 Cannon Pictures Tender Offer Terminated Business Wire New York Retrieved February 26 2024 Sabatini Vicki July 10 1990 Pathe sale of stake in Cannon Collapses Hollywood Reporter Los Angeles Retrieved February 26 2024 Brennan Judy July 11 1990 MGM UA Pathe Meld Marketing Variety Los Angeles Retrieved February 26 2024 Cannon Buyout The Film Journal New York November 1 1990 Retrieved February 26 2024 Hollinger Hy February 4 1991 Former Cannon Exec revives banner with 11 picture sked Variety Los Angeles Retrieved February 26 2024 Executive Shuffle Variety Los Angeles February 11 1991 Retrieved February 26 2024 Warner Closes Cannon vid deal Variety Los Angeles March 11 1991 Retrieved February 26 2024 Cannon Pictures at Cannes Hollywood Reporter Los Angeles May 3 1991 Retrieved February 26 2024 Hollinger Hy October 7 1991 Globus Redux Variety Los Angeles Retrieved February 26 2024 Global Restructuring Variety Los Angeles October 28 1991 Retrieved February 26 2024 Cannon shoots for b b bucks with six films Hollywood Reporter Los Angeles February 18 1992 Retrieved February 26 2024 Daniels Jeffrey March 5 1992 Cannon files 15 million Sidekicks suit Hollywood Reporter Los Angeles Retrieved February 26 2024 Cannes 92 Market Guide Hollywood Reporter Los Angeles May 4 1992 Retrieved February 26 2024 Marich Robert May 14 1992 Globus Pearce joining forces to reignite Cannon CEG aiming for 15 action films per year Hollywood Reporter Los Angeles Retrieved February 26 2024 Honeycutt Kirk July 14 1992 Actor Lara in 10 film Cannon deal Hollywood Reporter Los Angeles Retrieved February 26 2024 Rothman Matt January 11 1993 Finance CANNON BACK IN THE FRAY Hollywood Reporter Los Angeles Retrieved February 26 2024 de Moraes Lisa September 2 1992 Norris home on the range for CBS adventure series Hollywood Reporter Los Angeles Retrieved February 26 2024 Spader sues Cannon Pics Hollywood Reporter Los Angeles October 9 1992 Retrieved February 26 2024 Akers Gary December 4 1992 Legal Briefs Hollywood Reporter Los Angeles Retrieved February 26 2024 Marich Robert January 5 1993 Cannon gets 15 mil loan from ING led group Hollywood Reporter Los Angeles Retrieved February 26 2024 Galloway Stephen April 16 1993 Norris says Walker has five funding suitors Blames shutdown of show on Italian scandals Hollywood Reporter Los Angeles Retrieved February 26 2024 Lowry Brian June 7 1993 LOG BOOK Bob moves to midseason Variety Los Angeles Retrieved February 26 2024 Marich Robert August 31 1993 Walker income boosts Cannon quarterly profit Hollywood Reporter Los Angeles Retrieved February 26 2024 Financiers sue Cannon for 14 million Hollywood Reporter Los Angeles December 22 1993 Retrieved February 26 2024 Legal Briefs Hollywood Reporter Los Angeles January 14 1994 Retrieved February 26 2024 Panda fires off suit against Cannon Variety Los Angeles March 21 1994 Retrieved February 26 2024 VMI acquires Cannon stake Variety Los Angeles April 14 1994 Retrieved February 12 2023 Cannon creditors petition for company s liquidation Variety Los Angeles April 21 1994 Retrieved February 12 2023 Creditors seek Cannon trustee Variety Los Angeles April 25 1994 Retrieved February 12 2023 Creditors give Cannon easier bankruptcy path Hollywood Reporter Los Angeles May 10 1994 Retrieved February 12 2023 Bankruptcy judge pulls plug on Cannon film sales Hollywood Reporter Los Angeles October 19 1994 Retrieved February 12 2023 Cannon Pictures Inc Screen International London October 28 1994 Retrieved February 12 2023 UNITED STATES BANKRUPTCY COURT CENTRAL DISTRICT OF CALIFORNIA Variety Los Angeles December 12 1994 Retrieved February 12 2023 CANNON PICTURES INC Hollywood Reporter Los Angeles August 14 1997 Retrieved February 12 2023 Cannon Pictures library gets loaded for auction Hollywood Reporter Los Angeles September 4 1997 Retrieved February 12 2023 Imperial loads Cannon library Hollywood Reporter Los Angeles September 19 1997 Retrieved February 12 2023 Pathe breached contract with Assonitis judge rules Variety Los Angeles February 8 1998 Retrieved February 12 2023 a b Gardner Chris August 17 2001 Afineevsky to head New Cannon The Hollywood Reporter Los Angeles Retrieved February 27 2024 Ruscigno Anna May 10 2002 Cannes 2002 Product Listings The Hollywood Reporter Los Angeles Retrieved February 27 2024 Oy Vey Infinite Entertainment Inks 150 Million in Funding PR Newswire Los Angeles March 2 2005 Retrieved February 27 2024 Oscars March 23 2016 Amy winning Best Documentary Feature Johnson Zach January 14 2016 Oscars 2016 Nominations Complete List of Nominees E Online Retrieved July 8 2016 Golan Menahem November 14 2015 GOLAN A Farewell to Mr Cinema 2015 Documentary Interview Interviewed by Christopher Sykes UK Christopher Sykes Retrieved February 27 2024 Brown Todd AFM 2011 Mark Hartley To Do The ELECTRIC BOOGALOO Twitch Archived from the original on August 15 2012 Retrieved November 11 2011 The Go Go Boys Cannes Review The Hollywood Reporter May 16 2014 Retrieved October 20 2014 Fleming Mike Jr July 18 2016 Yoram Globus Returns To Hollywood With Rebel Way Turning Viral Talent into Movie Stars Retrieved August 19 2018 External links editCannon Films Appreciation Society Menahem Golan at IMDb Yoram Globus at IMDb Loose Cannons Podcast Hosts Mathew Kumar and Justin Decloux discuss the Cannon Films Library in mostly Chronological Order Cannon Films Night on The Radio Dan Show Retrieved from https en wikipedia org w index php title The Cannon Group Inc amp oldid 1226282276, wikipedia, 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