The story
Founded by Jake Eberts in 1977.1
Goldcrest was founded as Goldcrest Films International by Jake Eberts in January 1977 as a feature film enterprise. As of 1981, the UK National Coal Board Pension Fund was a major stakeholder in this company.
The company enjoyed commercial success in the 1980s and the 1990s with films such as Chariots of Fire (1981), Gandhi (1982), Local Hero (1983), The Killing Fields (1984), Hope and Glory (1987), All Dogs Go To Heaven (1989), A Room With a View (1985), the television series Robin of Sherwood (1984–86) and the live-action/animated musical comedy film Rock-a-Doodle (1991). The company also benefited from the new investment of Channel 4 in film production. The company won two Academy Awards for Best Picture, for Chariots of Fire in 1981, and Gandhi in 1982.
After these initial successes the company backed more expensive productions with established Hollywood stars that often ran over schedule and budget culminating in Revolution (1985), The Mission (1986) and Absolute Beginners (1986) that all underperformed at the box office, despite The Mission winning the Palme d'Or at the Cannes Film Festival.
On June 11, 1985, Goldcrest Films had set up a deal with Japanese financer Nippon Herald to finance pictures for up to $2 million. The company ran into financial difficulties, and eventually seeking bids from UK firms in 1987, which included George Walker, and Hemdale, who had a successful film reputation, were offering bids from the studio, but they turned down each time. After attempted takers, Masterman, which was jointly owned by Brent Walker and Ensign Trust would be shown as a possible buyer for the Goldcrest holdings, of which they outbid various offers from other companies, which included a joint bid of Granada Television, the ITV franchisee, and home video and feature film distributor Virgin Vision, which has been touted among other firms.
From Wikipedia’s article on Goldcrest Films, shared under CC BY-SA 4.0.4
