A large part of the reason why Murdoch was able to do what he did with his company in the UK was because of his strong political ties. His company dominated in both the UK as well as Italy, absorbing smaller companies and becoming almost monopolistic. Rupert Murdoch, owner and CEO of News Corp, used his entrepreneurial skills to conquer foreign markets and is now choosing to restart a failed project. News Corporation, father company of Fox Television Studios, intends to shift its focus from foreign to domestic markets. Some of New Regency’s most recent film projects include Love & Other Drugs Big Mommas: Like Father, Like Son What’s Your Number? Monte Carlo and Darkest Hour. Regency Enterprises and Fox Television Studios have since started the company up again, under the name New Regency. The company disbanded one month after the Robin Schwartz, head of Regency Television, left to become president of the Oprah Winfrey Network. On January 17, 2011, New Regency announced a return to the television business after 20th Century Fox extended its distribution business with Regency until 2022.Īlthough Regency Television did not last long, the venture is not dead and gone. On July 17, 2007, Regency Television shut down all production and closed its business after nearly ten years in operation.
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Regency's best-known TV shows include The WB sci-fi drama Roswell and the Fox sitcoms Malcolm in the Middle and The Bernie Mac Show. Regency Television is a joint venture between Regency Enterprises and Fox Television Studios founded in 1998. After Disney dropped the “Fox” name from the studio's 20th Century Fox and Fox Searchlight Pictures branding and the two studios were renamed 20th Century Studios and Searchlight Pictures, respectively on January 17, 2020, Regency Enterprises transferred to Walt Disney Studios, in exchange for a 20% stake in the parent company. The Walt Disney Company inherited Fox's stake in Regency Enterprises and New Regency Productions after Disney acquired 21st Century Fox's assets on March 20, 2019. On May 21, 2008, they hired Hutch Parker as co-chairman of the studio. In 2011, Fox and New Regency extended the pact, to expire in 2022. Fox's parent company News Corporation (now Walt Disney Studios) funneled $200 million in New Regency, in exchange for a 20% stake in the company. In September 1997, Milchan signed a 15-year distribution pact with 20th Century Fox worldwide in all media outside of foreign television rights, ending a previous association with Warner Bros. Arnon Milchan also owned Puma stock, which he later sold for $676 million in May 2003. At the time, Regency was the largest single shareholder in Puma, with more than a 25% stake. In 1999, New Regency executive David Matalon joined the supervisory board of Puma AG, an international sports company. New Regency produced 2013's 12 Years a Slave, 2014's Birdman, and 2015's The Revenant, which earned the company two Academy Awards for Best Picture in a row, and three nominations.įounder Arnon Milchan's daughter Alexandra Milchan headed their offshoot "Regency Vision," originally intended as a competitor to companies like New Line Cinema's Fine Line Features, a "specialty features" division. New Regency primarily produces movies, and has at least 100 movies to its credit. lot, New Regency is currently located on the 20th Century Studios lot. Formerly with offices on the Warner Bros. A subsidiary company, New Regency Productions, was also created. Arnon Milchan rebranded Regency International Pictures to Regency Enterprises. In January 1991, Milchan and Regency, as well as Scriba & Deyle of Germany and Canal+ of France, formed a $600 million joint venture to finance 20 films in five years, all of which were to be distributed by Warner Bros.
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Regency Enterprises and New Regency Branding (1991–present) This company produced films such as Once Upon a Time in America and Q&A. This company originally had no distribution deal producing films with various studios such as The Ladd Company, Columbia Pictures, TriStar Pictures, Warner Bros., Touchstone Pictures, Vestron Pictures, Universal Pictures and 20th Century Fox. which held the name for 7 years until the named changed to Regency International Pictures. History Origins (1982–1991) Īrnon Milchan founded his company as Embassy International Pictures N.V.