Although its products were mostly indistinguishible from that of its sister studio, it soon scored a string of hits at the box office with such films as Sleepless in Seattle, Philadelphia, The Mirror Has Two Faces, Jerry Maguire, As Good as It Gets and Jumanji, and it also scored a major video hit with Danny DeVito's Matilda. On August 7, 1991, under Sony Pictures Entertainment, the hyphen was officially removed from the name of the studio.ĭuring the 1990s, TriStar operated autonomously from Columbia. On November 8, 1989, the Sony Corporation of Japan acquired Columbia Pictures Entertainment for $3.4 billion. On April 13, 1988, the name of the company was reverted back to Tri-Star Pictures, Inc. In January 1988, CPE's stocks somewhat fell, and Coca-Cola decreased its shares in CPE to 49%. following The Coca-Cola Company's merger of Tri-Star and Columbia to become "Columbia/Tri-Star", of which it owned 80% of its stock. was renamed Columbia Pictures Entertainment, Inc. On December 21, 1987, Tri-Star Pictures, Inc. HBO sold its shares to the same studio in 1986 in order to form HBO Pictures. On November 15, 1985, CBS dropped out of the joint venture, selling its stake to Columbia Pictures. Among the various hits TriStar scored on its own during the decade were About Last Night, The Muppets Take Manhattan, Real Genius, Nothing in Common, Peggy Sue Got Married, The Principal, Look Who's Talking and Steel Magnolias. It also expanded ambitiously throughout the decade with the acquisition of Loews Theatres and the formation of its own television arm. Originally a joint venture between CBS, Columbia Pictures and HBO, whose individual video units handled video, broadcast, and pay cable rights to its products, the company scored a number of box office hits with modestly-budgeted fare in the 1980s, as well as fortuitous distribution deals with the Producers Sales Organization, Carolco Pictures and the Taft Entertainment Group. On May 16, 1983, its name was changed to Tri-Star in order to avoid confusion with the PBS series Nova. TriStar Pictures was established on March 2, 1982, and founded by Victor Kaufman as Nova Pictures.
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