in 2018 then its assets transferred to Spyglass Media Group of which Warner Bros. Discovery (through Warner Bros.) and Lions Gate Entertainment owns their respective stake Republic Pictures – originally a “poverty row” B-movie producer, produced many serials and was formed by the consolidation of six minor production companies in 1935. It was rebooted in 1985. Viacom then purchased it in the early 2000s. FilmDistrict – merged into Focus Features (a subsidiary of Universal) in 2014 PolyGram Filmed Entertainment – sold to Universal Studios in 1999, pre-March 31, 1996 library sold to MGM Artisan Entertainment – purchased in 2003 by Lions Gate Entertainment Overture Films – distribution and marketing assets sold to Relativity Media in 2010; Overture's film library acquired by Lions Gate Entertainment by May 2016. Summit Entertainment – acquired by Lions Gate Entertainment in 2012 The Cannon Group – purchased by Metro-Goldwyn-Mayer Global Road Entertainment – formerly Open Road Films, filed for Chapter 11 bankruptcy on September 6, 2018;, by November 2018, has reverted to Open Road, purchased by Raven Capital Management on approval as of December 19, 2018 by a Delaware bankruptcy judge. Miramax Films – owned by The Walt Disney Company from 1993 to 2010, sold to Filmyard Holdings from 2010, then to beIN Media Group in 2016, and by Paramount Global (through Paramount Pictures) with a 49% stake with beIN (which has a 51% stake) Weintraub Entertainment Group – filed for bankruptcy September 1990, resulting in the company folding up operations CBS Films – folded into the CBS Entertainment Group on October 11, 2019, and absorbed into CBS Studios to produce TV films for CBS All Access (later Paramount+) Alchemy - Alchemy filed for Chapter 7 bankruptcy on June 30, 2016. Instant major studios "Instant major" is a 1960s coined term for a film company that seemingly overnight has approached the status of major" In 1967, three "instant major" studios popped up, two of which were partnered with a television network theatrical film unit with most lasting until 1973: Cinerama Releasing Corporation (partnered with ABC Pictures International, the film production company of ABC) National General Corporation (distributor for Cinema Center Films, the film production company of CBS) Commonwealth United Corporation Other significant, past independent entities New World Pictures – acquired by News Corporation (then parent company of 20th Century Fox) in 1997. Content library held under film studio. Turner Pictures – purchased along with Hanna-Barbera,