co-found Spyglass Entertainment (with Gary Barber, former vice chairman and COO of Morgan Creek Productions) at Roth's prompting, in which Disney took an equity stake and signed a five-year distribution agreement. With Disney cutting its yearly production output, Roth recommended forming a self-financing production firm similar to New Regency Productions. After Caravan's remaining three films were released, the company went inactive. The final production credited to Caravan is the 1999 Disney film Inspector Gadget; on a rather ironic note, if not a brief moment of foreshadowing, the Caravan logo at the end of the film shows the man walking as usual before sprouting a propeller from his hat á la Gadget and flying away offscreen, never to be seen again. Caravan's slate of movie projects and an initial financial advance of $10 million to $20 million against future overages were also contributed by Disney. List of notable Caravan Pictures films References Entertainment companies established in 1992 Mass media companies established in 1992 Mass media companies disestablished in 1999 Defunct American film studios Walt Disney Studios (division) Entertainment companies based in California Film production companies of the United States Companies based in Santa Monica, California Defunct companies based in Greater Los Angeles 1992 establishments in California 1999 disestablishments in California Disney production studios