First Artists was a production company that operated from 1969 to 1980. It made films for stars such as Barbra Streisand, Paul Newman, Sidney Poitier, Dustin Hoffman and Steve McQueen, who agreed to take lesser fees in exchange for greater creative control and a share of the profits. Movies made by the company include The Getaway and its most successful film, Streisand's A Star Is Born.

History

Beginnings
The company was formed in 1969 and was the idea of agent Freddie Fields of Creative Management Associates with assistance from his partner David Begelman. Inspired by the formation of United Artists, First Artists was to give stars more creative control over their productions in exchange for being paid lower salaries and a percentage of the gross. The initial stars who formed the company were Paul Newman, Barbra Streisand, and Sidney Poitier. Each star promised to make three productions for the company, which would also be involved in television production, music publishing and recording. The distributor of the films would be National General Pictures, which would put up two-thirds of the money for a film, with First Artists putting up the rest.

In July 1970 Patrick Kelly was appointed chief executive officer of First Artists. The following year Steve McQueen joined the company. The company's first slate of films were  Pocket Money (1972) with Newman, The Getaway (1972) with McQueen, The Life and Times of Judge Roy Bean (1972) with Newman, and Up the Sandbox (1972) with Streisand. The Getaway and Roy Bean were particularly successful.

In 1972 First Artists offered 350,000 shares to investors at $7.50. That year Dustin Hoffman joined the company, agreeing to make two films at no more than $3 million. He would have creative control, provided the film did not go over budget and schedule. National General eventually went into liquidation. In November 1973 Warners took over the distribution of First Artists movies. Meanwhile, First Artists sued National General, settling in 1976.

Phil Feldman
The company's initial output was sporadic, owing to the commitments of its stars, and by January 1975 it had only made seven films. That month, Philip K. Feldman, formerly a producer and an executive at CBS, Rastar, and Warner Brothers, was brought in as chairman. He increased the development slate, and moved First Artists into film distribution, television, and music to ensure a more constant source of income.

Feldman decided to supplement the company's movies with other star's films, such as Bobby Deerfield, originally developed for Paul Newman, and made with Al Pacino at Columbia. First Artists became involved in the production of The Gumball Rally, was a distribution consultant on The Ritz, and did TV movies like Minstrel Man.

In July 1977 Feldman announced that Bill Cosby, who had appeared in three Poitier films, would produce and star in a film for the company called Sitting Pretty. "I consider him a member of the team," said Feldman of Cosby. Other films the company planned to make included Repo, with Darren McGavin, Stevie with Glenda Jackson, and Devilfish with Bert Gordon. (Devilfish and Sitting Pretty would ultimately not be made.) First Artists shared development costs on Bobby Deerfield, The Gauntlet, and The One and Only; and co-produced Speedtrap with a Dutch conglomerate. The company also distributed some foreign films in the US, such as Pardon Mon Affaire and That Obscure Object of Desire.

In 1976, McQueen made An Enemy of the People, which tested so poorly that it was never officially released. When First Artists refused to option Harold Pinter's Old Times for McQueen, the actor sued the company. The case was settled out of court.

Feldman insisted that Hoffman not make pictures for other studios until his obligation to First Artists was completed. Hoffman wound up suing First Artists for $65 million, claiming that he was denied creative control on Straight Time and Agatha. Feldman counter-claimed that these movies had gone over budget and schedule, allowing him to step in.

In July 1978 the company acquired Joel/Cal-Made, a male clothing manufacturer, for $8 million. In November the company sought to buy into a London casino but was unsuccessful.

End of company
Films such as Straight Time (Hoffman, 1978) and Agatha (Hoffman, 1979) performed poorly at the box office, although The Main Event (Streisand, 1979) was very successful. In September 1979 Philip Feldman resigned as chairman and president. The company was put up for sale.

On December 31, 1979, the voting trust that ran First Artists on behalf of its founder‐shareholders expired and First Artists left the movie business. By this stage, the company's shares were worth $4 apiece. The company's last film was Tom Horn. The company closed down a year later in March 1980 and was sold to Warner Bros.

Select filmography

National General
Pocket Money (Feb 1972)  - with Newman
The Getaway (Dec 1972) - with McQueen
The Life and Times of Judge Roy Bean (Dec 1972)- with Newman
Up the Sandbox (Dec 1972) - with Streisand
A Warm December (May 1973) - with Poitier

Warner Bros.
Uptown Saturday Night (Jun 1974) - with Poitier
The Drowning Pool (Jul 1975) - with Newman
Let's Do It Again (Oct 1975) - with Poitier
The Gumball Rally (Aug 1976)
A Star Is Born (Dec 1976) - with Streisand
Bobby Deerfield (Sep 1977)
A Piece of the Action (Oct 1977) - with Poitier
Straight Time (Mar 1978) - with Hoffman
An Enemy of the People (Mar 1978) - with McQueen
Agatha (Feb 1979) - with Hoffman
The Main Event (Jun 1979) - with Streisand
Tom Horn (Mar 1980) - with McQueen

TV Movies
Flight to Holocaust (1977) (TV film)
Minstrel Man (1977) (TV film)
The Paul Williams Show (1979) (TV special)

First Artists distributed
Speedtrap (1977)
Snatch (1978)
Stevie (1978)
Zero to Sixty (1978)

Distributor only
Pardon Mon Affaire
That Obscure Object of Desire

Unmade projects
Dry Hustle from novel by Sarah Kernochan (1977)
Fancy Hardware by script by A. J. Carothers (1977)
Ev'ry Time We Say Goodbye based on the song by Cole Porter (1977)
Tramps an original script by Sandor Stern (1977)
Flashpoint based on novel by George LaFountaine; eventually produced by HBO Pictures in 1984

References

External links
First Artists at BFI

First Artists films
1969 establishments in California
1980 disestablishments in California
American film studios
Cinema of Southern California
Companies based in Beverly Hills, California
Barbra Streisand
Entertainment companies based in California
Entertainment companies established in 1969
Entertainment companies disestablished in 1980
Film distributors of the United States
Film production companies of the United States
Culture of Hollywood, Los Angeles
Mass media companies established in 1969
Mass media companies disestablished in 1980