The story
Founded by Dean Devlin on Jan 11, 2001.1
Electric Entertainment was established when many workers of Centropolis Entertainment, including Dean Devlin left to form its organization in 2001. This included its development slate, that were originally controlled by Centropolis, including the film Eight Legged Freaks, which is the first film to be produced by the company.
Later that year, the studio struck a deal with Paramount Pictures in order to gain Electric access to Paramount's development slate.
Five years later, the studio struck a deal with Metro-Goldwyn-Mayer to distribute its content for feature films.
In 2019, the studio launched its own streaming service, ElectricNOW, to provide its content for the OTT streaming range and it will run for all digital platforms.
From Wikipedia’s article on Electric Entertainment, shared under CC BY-SA 4.0.4