Editing PolyGram Filmed Entertainment (section)

=== FilmWorks, Casablanca Record & FilmWorks and PolyGram Pictures ===
In 1975, [[Peter Guber]] quit [[Columbia Pictures]] to start out '''FilmWorks''' with a producing deal. A year later, during the production of ''[[The Deep (1977 film)|The Deep]]'', it was merged with [[Casablanca Records]] to form '''Casablanca Record & FilmWorks'''.<ref>{{Cite magazine |date=1976-11-06 |title=Casablanca And Filmworks Merge Into New Combine |pages=3 |magazine=[[Billboard (magazine)|Billboard]] |url=https://worldradiohistory.com/hd2/IDX-Business/Music/Billboard-Index/IDX/1976/1976-11-06-Billboard-Page-0003.pdf}}</ref> The company would enjoy success with ''[[The Deep (1977 film)|The Deep]]'' and ''[[Midnight Express (film)|Midnight Express]]''. The music company [[PolyGram]] (owned by [[Netherlands|Dutch]]-based [[Philips]] and [[Germany]]'s [[Siemens]]) bought out its share of Casablanca Record & FilmWorks in 1977. Two years later, in 1979, Casablanca Record & Filmworks left Columbia Pictures to join [[Universal Pictures]], and gave Casablanca Record & Filmworks creative control over the pictures.<ref name=":0" /> A year later, PolyGram took on its stake of the company and it was renamed to '''PolyGram Pictures''' in 1980.<ref>{{Cite magazine |date=1980-03-29 |title=PolyGram Insures Home Video Base |pages=9 |magazine=[[Billboard (magazine)|Billboard]] |url=https://worldradiohistory.com/hd2/IDX-Business/Music/Billboard-Index/IDX/1980/1980-03-29-Billboard-Page-0009.pdf}}</ref> PolyGram reserved the finances and Guber would run as [[Chief executive officer|CEO]]. Guber would form a partnership with [[Barbra Streisand]]'s hairdresser [[Jon Peters]], who co-produced his client's ''[[A Star Is Born (1976 film)|A Star Is Born]]'' remake. Peters would produce PolyGram's films, and eventually become a stockholder with Guber.<ref name="kom">Griffin, Nancy and Masters, Kim (1996). "Hit and Run" (pp. 100-116). New York: Touchstone, a Simon & Schuster company.</ref> He had intended to work with [[Boardwalk Records]], but he was forced to join PolyGram Pictures instead.<ref>{{Cite book |last=Medavoy |first=Mike |title=You're Only as Good as Your Next One: 100 Great Films, 100 Good Films, and 100 for Which I Should Be Shot |publisher=[[Atria Books]] |date=2013-06-25}}</ref><ref name=":0">{{Cite book |last1=Masters |first1=Kim |title=Hit & Run |last2=Griffin |first2=Nancy |publisher=[[Simon & Schuster]] |date=2016-01-12}}</ref>
[[File:PolyGram Pictures 1981.jpg | thumb|right | PolyGram Pictures logo, used in 1981.]]
[[File:PolyGram Pictures 1981-1982.jpg | thumb|right | Polygram Pictures logo, used from 1981 to 1982.]]
The first film under the Universal/PolyGram alliance was ''[[King of the Mountain (film)|King of the Mountain]]'' (1981), which was a box-office flop. More money-losers followed. Ancillary markets such as [[home video]] and [[pay television]] were not yet established, and broadcast television networks were paying less for licenses to films. PolyGram's European investors were not happy; they had lost about $80 million on its film division. Not long after, Siemens parted with Philips. Guber and Peters left PolyGram Pictures in 1982, taking their plans for a new [[Batman]] movie with them, along with a few other projects. The duo eventually found a home at [[Warner Bros.]] A part of their exit proceedings, PolyGram would still own 7.5% of profits from some of its projects, including the 1989 ''[[Batman (1989 film)|Batman]]'' film.<ref name="kom"/> Also in 1980, PolyGram launched a syndicated television division, PolyGram Television, to be headed by former [[Columbia Pictures Television]] syndication executive Norman Horowitz,<ref>{{Cite news |date=1980-11-03 |title=Horowitz to head new PolyGram television unit |pages=46 |work=[[Broadcasting & Cable|Broadcasting Magazine]] |url=https://worldradiohistory.com/hd2/IDX-Business/Magazines/Archive-BC-IDX/80-OCR/1980-11-03-BC-OCR-Page-0046.pdf}}</ref> both the film and television units eventually closed down by 1983 after a string of first-run syndication strip flops.<ref>{{Cite news|date=1983-05-09|title=PolyGram to fold|work=[[Broadcasting & Cable|Broadcasting]]|url=https://worldradiohistory.com/hd2/IDX-Business/Magazines/Archive-BC-IDX/83-OCR/BC-1983-05-09-OCR-Page-0062.pdf|access-date=2021-09-20}}</ref>