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Vestron was founded in 1981 by Austin Owen Furst Jr. (born 1943), an executive at HBO, who was hired to dismantle the assets of Time-Life Films.Furst bought the video rights of the film library, which also included several productions for HBO (then-owned by Time-Life) as well as films HBO had invested seed money in, for himself and decided to form a home entertainment company with these assets.
Vestron Pictures Inc. was an American film studio and distributor, a former division of Austin O. Furst, Jr.'s Vestron Inc., that is best known for their 1987 release of Dirty Dancing. [ 1 ] Vestron also has had a genre film division, Lightning Pictures , a spin-off of Vestron's Lightning Video, headed by Lawrence Kasanoff , who would later go ...
Artisan Entertainment (formerly known as U.S.A. Home Video, International Video Entertainment (IVE) and LIVE Entertainment) was an American film studio and home video company. It was considered one of the largest mini-major film studios [ 1 ] until it was merged by later mini-major film studio Lions Gate Entertainment in 2003.
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In March 1979, Fox purchased Magnetic Video, which was a small OTC traded public company (Blay was a major shareholder and Chairman). In January 1982, shortly after Blay's departure from the company, Fox reorganized Magnetic Video into 20th Century-Fox Video. Around the same time, Magnetic Video began to issue films in laserdisc format.
Columbia TriStar Home Video's UK operations purchased First Independent's assets and remaining library shortly afterwards and folded the theatrical and home video divisions under their banner. Sony continued to use First Independent as a secondary brand for its archived titles on VHS and DVD, although no new products were released under the name.
In the 1980s, Vestron Pictures hired Danny Steinmann to write and direct a sequel, though the film fell apart in pre-production due to rights issues. [ 89 ] [ 90 ] Mario Bava 's film Twitch of the Death Nerve was also released under the titles Last House on the Left – Part II , Last House – Part II and New House on the Left .
Home video is recorded media sold or rented for home viewing. [1] The term originates from the VHS and Betamax era, when the predominant medium was videotapes, but has carried over to optical disc formats such as DVD and Blu-ray. In a different usage, "home video" refers to amateur video recordings, also known as home movies. [2]