Hollywood Pictures
 |
|
| Former Division & Label of Walt Disney Studios | |
| Industry | Film |
| Founded | February 1, 1989 |
| Defunct | December 8, 2010 |
| Headquarters | Burbank, California, U.S. |
| Products | Motion pictures |
| Parent |
The Walt Disney Studios (The Walt Disney Company) |
Hollywood Pictures was an American film production label of The Walt Disney Studios, a division of The Walt Disney Company.
While then-Disney chief Michael Eisner at first intended Hollywood Pictures to be a full-fledged studio, like Touchstone, in recent years its operations have been scaled back and its management has been merged with the flagship Walt Disney Pictures studio.
The division is known for having brought the works of M. Night Shyamalan to the theater; its most profitable film to date is Shyamalan's own breakout hit The Sixth Sense, which grossed over $600 million worldwide upon its 1999 release.
Because of the success of Disney's mature film division Touchstone Pictures, yet another Disney-related film label was established as Hollywood Pictures on February 1, 1989. Ricardo Mestres was appointed the division's first president moving over from Touchstone Pictures. The division was created to create opportunities for up and coming executives and double its feature film output to fill the gap left by the contraction in the industry which includes closure of MGM/UA's United Artists and financial problems at Lorimar-Telepictures and De Laurentiis Entertainment Group. With Touchstone aligned with Disney, the two Disney Studio production divisions would share the same marketing and distribution staffs. Hollywood is expected to be producing 12 films a year by 1991 and to share funding from the Silver Screen Partners IV. The company's first release was Arachnophobia in 1990.
On October 23, 1990, The Walt Disney Company formed Touchwood Pacific Partners I to supplant the Silver Screen Partnership series as their movie studios' primary funding source.
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