The story
Commonwealth United Corporation (abbreviated as CUC) was originally a real estate holding company formed in 1961 as the Real Properties Corporation. It changed its name to CUC in 1965. In 1967, CUC acquired TEC. Milton T. Raynor moved to California and became vice-president at TEC. Later, Raynor took over ownership.
Commonwealth United Entertainment
In 1967, CUC acquired The Landau-Unger Company, with Ely Landau becoming president and CEO and Oliver A. Unger as executive vice-president. It also acquired TEC and was renamed Commonwealth United. In 1967, Commonwealth United produced 17 theatrical films and purchased publishing and recording interests. The Max Factor family financed That Cold Day in the Park, a movie directed by Robert Altman that Commonwealth United released in 1969. By 1971, Commonwealth United was $80 million in debt. The company's film rights, foreign and domestic, were acquired by National Telefilm Associates and American International Pictures respectively.
From Wikipedia’s article on Commonwealth United Entertainment, shared under CC BY-SA 4.0.3