Franchise Pictures
Franchise Pictures, LLC was an American independent motion picture production and distribution company, founded by Elie Samaha, Ashok Amritraj, and Andrew Stevens. They were known for their production in the action film genre. The company also had a short-lived video game arm, Franchise Interactive. As of 2021, half of the Franchise Pictures library, along with that of ThinkFilm, is now owned by Orange Holdings LLC. Another half of the Franchise Pictures library is owned by Revolution Studios (via Morgan Creek Productions). In 2004, in a case heard before a jury in a Los Angeles federal courtroom, Intertainment Licensing GmbH v. Franchise Pictures, et al., Judge Stotler awarded a plaintiff's verdict for $121.7 million against Franchise Pictures and Elie Samaha for fraudulent accounting. Samaha vowed to appeal but the fraud judgment destroyed Franchise's viability; the company and its subsidiaries all filed Chapter 11 bankruptcy petitions on August 19, 2007. History 
Franchise Pictures was started in 1997, with Phoenician Entertainment serving as subsidiary for lower-budget films. Its initial employees were Elie Samaha and Ashok Amritraj, who would leave two years later to start Hyde Park Entertainment. On October 8, 1998, they signed a distribution agreement with Morgan Creek Productions and Warner Bros. Pictures, in which Franchise paid the distribution rights to both Morgan Creek and WB for North America and the United Kingdom. On May 19, 1999, the company had signed a deal with Intertainment in order to bring all 60 motion pictures that Franchise had been receiving to Germany. A month later, Intertainment had struck a distribution deal with Warner Bros. Pictures, in order to secure the rights to 60 motion pictures for worldwide distribution. On July 2, 2001, Morgan Creek and its CEO James G. Robinson sued Franchise Pictures for breach of contract, resulting in Morgan Creek to end their partnership with Franchise Pictures after the release of Heist (2001). During Franchise's partnership with Morgan Creek, by 2000, the companies had financial success with a film titled The Whole Nine Yards. However, they also suffered a huge flop with Battlefield Earth starring John Travolta, which received bad word-of-mouth and grossed $29.7 million on a $75 million budget. Filmography

Bankruptcy

References

Defunct film and television production companies of the United States
Fraud in the United States
Mass media companies established in 1997
Mass media companies disestablished in 2007
Companies that filed for Chapter 11 bankruptcy in 2007
American independent film studios
Film production companies of the United States