Effect On TriStar Pictures
Hudson Hawk has the dubious distinction of being the final film produced by TriStar Pictures prior to their being bought out and merged with Columbia Pictures (which was going through similar financial difficulties). Because Hawk (in conjunction with other unsuccessful films from the same studio) had lost so much money, the Sony Corporation had to salvage TriStar by purchasing its remaining stock, and by reorganizing the company as part of the recently-formed Sony Studios. As with United Artists when they were bought out by MGM, Columbia and Tri-Star were allowed to keep their own logos, and to continue making movies under their own names.
(Interestingly, TriStar was first formed under similar circumstances: with stock purchased from Lord Grade's now-defunct ITC, following the costly failure of four ambitiously-expensive movies: Can't Stop The Music, The Legend of the Lone Ranger, Raise The Titanic, and Saturn 3.)
Read more about this topic: Hudson Hawk
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