Type Subsidiary Products Motion pictures Headquarters Universal City | Industry Film Owner Comcast Founded 1992 | |
Parent organizations Universal Studios, Focus Features, PolyGram Filmed Entertainment, NBCUniversal Films produced London Has Fallen, Fargo, The Usual Suspects, Being John Malkovich, The Man Who Wasn't Th | ||
Gramercy Pictures is an American film production label of Universal Studios' Focus Features division. It was originally launched as a film distributor in May 1992 as a joint venture of PolyGram Filmed Entertainment and Universal Pictures. Gramercy was the distributor of PolyGram movies in the United States and Canada, and also served as Universal's art-house division. After Seagram's buyout on PolyGram, Gramercy, along with October Films, was merged by Barry Diller, to form USA Films in 1999. As of 2015, Focus Features revived the name as a label for action, horror and sci-fi genre films.
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History
Gramercy Pictures was formed in 1992 as a joint venture of PolyGram Filmed Entertainment and Universal Pictures. Gramercy Pictures released its first film, the Mario Van Peebles western Posse, in May 1993.
In January 1996, PolyGram brought the 50% stake owned by Universal, thus assuming full control of Gramercy. The distributor also had box office hits in 1994's Four Weddings and a Funeral, 1996's Fargo and 1997's Bean. Several Gramercy releases of the 1990s have grown in stature to become cult classics in the present day: The Big Lebowski, Dazed and Confused, Clay Pigeons and Mallrats. In addition, 1995's The Usual Suspects won two Oscars, for Best Original Screenplay (Christopher McQuarrie) and Best Supporting Actor (Kevin Spacey).
In 1998 Seagram sold the bulk of its library of PolyGram films released up until March 31, 1996 for to Metro-Goldwyn-Mayer. When Seagram acquired PolyGram in 1999, the latter merged with and folded into Universal. it reacquired Gramercy as it controlled Universal. In turn, Seagram sold Gramercy and another specialty division, October Films, to Barry Diller's USA Networks, and merged both companies into USA Films. USA Films then transformed into Universal Focus and then Focus Features in 2002.
Focus Features label
In May 2015, Focus Features announced that the Gramercy label has been revived to release action, horror and sci-fi genre films. Its first outing was Insidious: Chapter 3 on June 5, 2015.