Dear Wikiwand AI, let's keep it short by simply answering these key questions:
Can you list the top facts and stats about Carolco Pictures?
Summarize this article for a 10 years old
Carolco Pictures, Inc. was an American independent film studio that existed from 1976 to 1995, founded by Mario Kassar and Andrew G. Vajna. Kassar and Vajna ran Carolco together until 1989, when Vajna left to form Cinergi Pictures. Carolco hit its peak in the 1980s and early 1990s, with blockbuster successes including the first three films of the Rambo franchise, Total Recall, Terminator 2: Judgment Day, Basic Instinct, Universal Soldier, Cliffhanger and Stargate. Nevertheless, the company was losing money overall and required a corporate restructuring in 1992. The 1995 film Cutthroat Island, intended to be a comeback for the studio, instead lost $147 million and brought the company to an end.
|Founded||March 30, 1976; 47 years ago (March 30, 1976)|
Andrew G. Vajna
|Defunct||December 22, 1995; 27 years ago (1995-12-22)|
|Fate||Bankruptcy, assets and name now owned by StudioCanal|
|Headquarters||Los Angeles, California,|
(Chairman & CEO)
|Divisions||Carolco Television Productions|
The IndieProd Company