|This article needs additional citations for verification. (March 2010)|
Imagine Entertainment's logo.
|Genre||Film and Television Production company|
|Predecessor||Imagine Films Entertainment|
|Headquarters||Beverly Hills, California, United States|
|Brian Grazer (Chairman)
Ron Howard (Chairman)
Michael Rosenberg (Co-Chairman)
Erica Huggins (President)
|Products||Feature films, TV series|
Brian Grazer and Ron Howard met in 1982 on “Night Shift” with Howard directing and Grazer co-producing. Then followed it up with working on Splash.
Imagine Films Entertainment
Early on the company sealed a production and distribution deal with Universal Pictures expiring in November 1992. Universal's deal was to fund 50% of 30 films. The company had an IPO in 1986 at $8 for a package of one share and one warrant. Shares rose to $19.25 before crash with the stock market in 1987 to $2.25. Pay television broadcast agreement was made with Showtime.
By May 1992, 48% of the stock was public traded and worth $9.375. The duo agreed to a new six deal with Universal while concurrently offering $9 a share to buy the company's public outstanding share to start a new company with its assets. If not they planned to leave the company at their contract expiration in November to start the new company anyways. Universal was providing the cash for the buy out for an equity stake in the new company.
In 2000, the partnership pacted for TV series development with 20th Century Fox, currently expiring at the end of 2016. In 2011, the company had three weak box office performers with The Dilemma, Cowboys & Aliens and Tower Heist. With a weak financial pact renewal last until 2016 with Universal in January 2012, Imagine lay off 5 employees including production executive Jeremy Steckler. This also moves Imagine from exclusive to a first look deal. by 2013, both are considering other funding methods for the company's films including crowdfunding for a Friday Night Lights movie.
In November 2013, Michael Rosenberg was promoted to Co-chairman followed in December 2013 with Erica Huggins being promoted to his previous position of president. Industry insider indicated late January 2016 that a deal with Raine Group was in the works that would have Raine become a partner of the production company while contributing $100 million.
- McNary, Dave (December 9, 2013). "Ron Howard, Brian Grazer Promote Erica Huggins to President of Imagine". Variety. Retrieved January 29, 2016.
- Rainey, James (January 28, 2016). "Raine Group to Invest $100 Million-Plus in Imagine, Partners Eye Expansion". Variety. Retrieved January 29, 2016.
- Fabrikant, Geraldine (May 19, 1992). "COMPANY NEWS; Chiefs of Imagine Films Seek to Take It Private". New York Times. Retrieved January 29, 2016.
- THR Staff (January 12, 2012). "Imagine Entertainment Lays Off Staff". Hollywood Reporter. Retrieved January 29, 2016.
- Fleming Jr, Mike (May 16, 2013). "Cannes: Brian Grazer, Ron Howard Introduce Imagine 2.0; A Pele Pic On The Croisette, A Crowd-Funded ‘Friday Night Lights’, ‘Dark Tower’, Jay-Z And One Angry White Whale". Deadline Hollywood (Penske Business Media). Retrieved January 29, 2016.
- "Imagine Entertainment Company Profile – Yahoo! Finance". Biz.yahoo.com. Retrieved 2011-05-17.