Castle Rock Entertainment
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| Subsidiary | |
| Industry | Entertainment |
| Founded | June 19, 1987 |
| Founder | Martin Shafer Rob Reiner Andrew Scheinman Glenn Padnick Alan Horn |
| Headquarters | United States |
| Products | Motion pictures |
| Services | Film production |
| Parent | Independent (1987-1993) Turner Entertainment (1993-1996) Time Warner (1996-present) |
Castle Rock Entertainment is an American film and television production company founded in 1987 by Martin Shafer, director Rob Reiner, Andrew Scheinman, Glenn Padnick and Alan Horn. It is a subsidiary of Time Warner's Warner Bros.
Reiner named the company in honor of the Maine town that serves as the setting of several stories by Stephen King (which was named after the fictitious Castle Rock in Lord of the Flies), after the success of his film Stand by Me, which was based on The Body, a novella by King.
Reiner and Scheinman already had a production company. They were friends with Shafer, who worked with Horn at 20th Century Fox at the time. Horn was disappointed at Fox and agreed to join the trio at forming the company. Horn brought along Padnick, who was an executive at Embassy Television. In Castle Rock, Horn became the CEO, Shafer ran the film division, Padnick ran TV, and Reiner & Scheinman became involved in the development of productions.
The company was originally backed by The Coca-Cola Company, the then-parent company of Columbia Pictures. Coke and the company's founders jointly owned a stake in the company. Months after the deal, Coke exited the entertainment business, succeeded by Columbia Pictures Entertainment (now Sony Pictures Entertainment).
In 1989, Castle Rock was supported by another backer, Group W, a subsidiary of Westinghouse. Castle Rock later struck a deal with Nelson Entertainment, the company that owned the domestic home video rights to Reiner's This Is Spinal Tap, The Sure Thing, and The Princess Bride, to co-finance Castle Rock's films.
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