Company
Reiner named the company in honor of the fictional Maine town that serves as the setting of several stories by Stephen King (which was named after the fictional Castle Rock in Lord of the Flies), after the success of his film Stand by Me, which was based on The Body, a novella by King.
The company was originally backed by The Coca-Cola Company, the then-parent company of Columbia Pictures. Coke and the company's founders jointly owned a stake in the company. Months after the deal, Coke exited the entertainment business, succeeded by Columbia Pictures Entertainment (now Sony Pictures Entertainment).
In 1989, Castle Rock was supported by another backer, Group W, a subsidiary of Westinghouse. Castle Rock later struck a deal with Nelson Entertainment, the company that owned the domestic home video rights to Reiner's This is Spinal Tap, The Sure Thing, and The Princess Bride, to co-finance Castle Rock's films.
Under the deal, Nelson also distributed the films on video in North American markets, and handled international theatrical distribution, while Columbia, which Nelson forged a distribution deal with, would receive domestic theatrical distribution rights. Some of Nelson's holdings were later acquired by New Line Cinema, which took over Nelson's duty.
Columbia, shortly after the company's formation, thereafter had to re-invest with a substantial change in terms when accumulated losses exhausted its initial funding.
Castle Rock has also produced several television shows, such as the successful sitcom Seinfeld and the animated sitcom Mission Hill.
Read more about this topic: Castle Rock Entertainment
Famous quotes containing the word company:
“I hate the prostitution of the name of friendship to signify modish and worldly alliances. I much prefer the company of ploughboys and tin-peddlers, to the silken and perfumed amity which celebrates its days of encounter by a frivolous display, by rides in a curricle, and dinners at the best taverns.”
—Ralph Waldo Emerson (1803–1882)
“A man should not go where he cannot carry his whole sphere or society with him,Mnot bodily, the whole circle of his friends, but atmospherically. He should preserve in a new company the same attitude of mind and reality of relation, which his daily associates draw him to, else he is shorn of his best beams, and will be an orphan in the merriest club.”
—Ralph Waldo Emerson (1803–1882)
“Endeavor, as much as you can, to keep company with people above you.... Do not mistake, when I say company above you, and think that I mean with regard to their birth; that is the least consideration; but I mean with regard to their merit, and the light in which the world considers them.”
—Philip Dormer Stanhope, 4th Earl Chesterfield (1694–1773)