21st Century Film Corporation Inc. was a theatrical distribution company formed sometime in the 1970s as a production company and distributor. Menahem Golan was CEO of the company from 1989 to the company's bankruptcy.
History
The company was formed by Tom Ward and Art Schweitzer around 1976 (though some sources claim it to be 1971) as a film production company and distributor.[2] The company acquired most of the catalog of Dimension Pictures, after that company's bankruptcy in 1981.[3] Along with theatrical distribution, 21st Century also released many films on home video, first via their short-lived label, Planet Video, from 1982 to 1983, and then through a more lucrative deal with Continental Video beginning in 1985.[4]
In the late 1980s, while filing for bankruptcy, it was purchased by Giancarlo Parretti. Parretti had also recently purchased The Cannon Group, which was renamed Pathé Communications, and he eventually handed the newly rebranded 21st Century Film Corporation, along with the Spider-Man and Captain America