Basic Instinct. "(Kassar) was a big-time riverboat gambler," says Brian Grazer, who coproduced the $43 million The Doors with Kassar. Kassar went as far as even giving Schwarzenegger his own airplane, which cost an additional $17 million. Eventually, a Los Angeles judge froze $2.2 million of Kassar's shares and limited his access to company accounts. Kassar attempted to produce the now shelved Bartholomew vs. Neff, a John Hughes film which would have starred Stallone and John Candy. Carolco lost about $47 million on Cutthroat Island and went into bankruptcy in November 1995, six weeks before the film was released to theatres. Nevertheless, Kassar received his $1 million fee. Post-bankruptcy Paramount and Lolita In the wake of Carolco's collapse, Kassar shifted his employment to Paramount Pictures and started Mario Kassar Productions. Sherry Lansing, chairman of Paramount, said: "I am thrilled that Mario will be making his new home at Paramount. Mario excels at producing major action-adventure films with high level directors and cast that have worldwide appeal. He also brings creative financial arrangements to the films he makes. We all look forward to our new relationship with him and the exciting projects he will bring to the studio." Mario Kassar said: "I have the highest regard for Sherry Lansing and the rest of the Paramount team. Jon Dolgen and I have had a great working relationship for years. Since I've always worked outside the studio system, I am very happy to begin my post-Carolco career with a studio as flexible, dynamic and creative as Paramount. I can't wait to make films in such an environment." Kassar also executive produced Lolita (1997), which was directed by Adrian Lyne and starred Jeremy Irons, Melanie Griffith and Dominique Swain. C2 Pictures and Magnetik Media In 1998, he reunited with Vajna again and together they founded C2 Pictures, which produced I Spy (2002), Terminator 3: Rise of the Machines (2003) and Basic Instinct 2 (2006). Kassar later confirmed on March 11, 2009, that as a result of the latter movie being a failure at the box office, plans for a third chapter were shelved and C2 Pictures officially ended the Basic Instinct/Catherine Tramell franchise. C2 Pictures was later disbanded afterwards and it was later revealed that Vajna and Kassar founded the company only for the purpose of reviving the Terminator franchise. Kassar also co-founded Magnetik Media with Erick J. Feitshans and it was announced on