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| Industry | Motion pictures |
|---|---|
| Founded | June 24, 1980; 45 years ago (1980-06-24) |
| Founder | Joel Silver |
| Headquarters | Los Angeles, California, United States |
Key people | Ethan Erwin (president) Hal Sadoff (CEO) Susan Downey |
| Divisions | Silver Pictures Television |
Silver Pictures is an American filmproduction company founded byHollywood producerJoel Silver on June 24, 1980.
For many years, during the mid-1980s, the production company was based at20th Century-Fox, but the production company was shifted toWarner Bros. in 1987.[1] In 1999, it launched, along with fellowTales from the Crypt executive producerRobert Zemeckis,Dark Castle Entertainment, which served as a venture of the studio.[2]
In 2012, Joel Silver and Warner Bros. ended their 25-year production, marketing, and distribution relationship, due to Silver disagreeing with how Warner Bros. had been handling the marketing and releasing of the films his company produced.[3][4] Despite having split, Silver and Warner Bros. co-producedThe Nice Guys four years later. That same year, Joel Silver andUniversal Studios struck a 5-year, 12-picture, North American marketing and distribution deal, starting with theLiam Neeson action thrillerNon-Stop on February 28, 2014.[5] Universal Pictures will not be a production partner with Silver Pictures, only a distributor. The second film in the distribution deal was originally going to beThe Loft, a third-party film to which Silver Pictures' Dark Castle Entertainment division acquired the U.S distribution rights (as they did forSplice). Universal planned to releaseThe Loft on August 29, 2014, but the studio pulled it from the schedule in favor ofLegendary Pictures'As Above, So Below. Universal and Dark Castle sold the distribution rights toOpen Road Films, who then releasedThe Loft on January 30, 2015.[6][7][8][9] All of Silver Pictures' productions and Dark Castle's productions henceforth were excluded from the distribution deal with Universal since.
Three years after Silver finalized his distribution deal with Universal, the veteranproducer connected with Canadian financierDaryl Katz. Founder and chairman of theKatz Group of Companies, one of Canada's largest privately owned enterprises,Daryl Katz holds operations in pharmaceuticals, sports and entertainment, and real estate. The two came together to create a slate of feature films, digital projects, and television shows. Hal Sadoff, longtime packaging and finance agent, will serve aschief executive officer of Silver Pictures Entertainment.[10] Sadoff leftICM in 2012. On November 13, 2015, Silver Pictures Television received a commitment to a first-look agreement withLionsgate Television whereas Silver would develop projects for the studio.[11]
Before Silver's connection with Katz, Silver Pictures required studio backing to develop and fund its films. After the formation of the new partnership, Silver possessed the ability to work on projects both inside and outside the studio system.
CEO Hal Sadoff and Silver still possess a longstanding relationship, having worked together onGothika,Thirteen Ghosts andHouse on Haunted Hill.[12]
On June 24, 2019, Sadoff announced Silver's resignation from the company.[13][14]
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