![]() ![]() The deal ended in 2016 with Touchstone's final film, The Light Between Oceans, and Disney decided not to keep the division up and running by 2017. Disney entered a five-year, 30-picture distribution deal with DreamWorks Pictures in 2009 in which DreamWorks' movies would be distributed under the Touchstone banner. The studio actually produced quite a few of Scorsese's films, including Gangs of New York and Bringing out the Dead. Touchstone released many acclaimed films, such as the Robin William-led Good Morning, Vietnam, Wes Anderson's The Life Aquatic with Steve Zissou, Martin Scorsese's The Color of Money. The label's first film was the fantasy romcom Splash starring Tom Hanks and Darryl Hanna. ![]() All Touchstone films were financed by Walt Disney Studios, making it an in-name-only brand for Disney to produce mature movies. The purpose of Touchstone was to house more mature films that were targeted toward adult audiences rather than the young audience of children that Disney typically catered to. Touchstone Pictures was founded by the Walt Disney Company in 1984 as a film production label of Walt Disney Studios. Touchstone Pictures/The Walt Disney Company After the Walt Disney Company acquired 20th Century Fox, they were able to shut down Blue Sky in 2021 and cited the economic impacts of the COVID-19 pandemic as the reason for ceasing operations. 20th Century Fox distributed the theatrical releases for Blue Sky's movies as the animation studio was a subsidiary of the company. The studio made family-oriented animated films such as Robots, Epic, and Rio in addition to the five Ice Age movies they made. Blue Sky's first feature-length film was indeed Ice Age in 2002, and they went on to make 12 more films before closing down production in April 2021. The computer animation studio was based in Greenwich, Connecticut and utilized in-house rendering software to create the visual effects for commercials and films before they finally decided to dedicate the studio to filmmaking. Known mostly for the Ice Age franchise, Blue Sky Studios was founded in 1987 by former employees of MAGI, the visual effects studio responsible for Tron, shut down. Related: Film History: The French New Wave, Explained Now, Weinstein is a convicted sex offender and currently serving 23 years in prison at the Mohawk Correctional Facility in upstate New York. Then in 2021, Spyglass sold most of TWC's catalog to Lionsgate as part of an acquisition deal. In March 2019, Lantern Entertainment revised Spyglass Media Group and licensed their film libraries to Spyglass. The independent studio Lantern Entertainment acquired the majority of TWC film assets and library. Naturally, financial troubles quickly followed, and the company filed for Chapter 11 bankruptcy in February 2018. The company dismissed Weinstein in October 2017 as a result. The studio is obviously now defunct after the disgraced Harvey Weinstein faced multiple sexual assault and harassment allegations from over 100 women. The studio was responsible for the distribution or production of highly regarded or popular films such as Inglourious Basterds, Silver Linings Playbook, The Master, Paddington, and many more. Once one of the largest mini-major film studios in North America, The Weinstein Company was founded in March 2005 by brothers Bob and Harvey Weinstein after their departure from Miramax. Related: Film History: New Hollywood, Explained ![]() With that being said, here are ten famous American film studios that are now defunct: Some of these non-operational studios are quite well known too. Nevertheless, considering just how many film studios are housed in the U.S., some of them are no longer in operation. Many of these studios have produced some of the most beloved and respected films of all time, and many of these studios are still pumping out movies today. Since the United States is one of the largest film production markets in the world, numerous film studios have made their homes here. Studios can certainly be difficult to work with at times, especially if they try to insert creative control or restrict budgets, but they are a necessary cog in the machine of filmmaking. It is the job of a studio to get the films they are financing sent out to theaters or festivals so that the films have the opportunity to be seen by as many people as possible. No matter where a film is made, they all require a studio behind them to produce and distribute the movie. ![]()
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