syndication and home video, and Orbis will handle domestic syndication for the movies after two network runs in network primetime, and Carolco to do the honors for its foreign syndication unit, and through its subsidiary International Video Entertainment for home video. They also purchased the former De Laurentiis Entertainment Group production facility in Wilmington, North Carolina, and established Carolco Home Video, with LIVE Entertainment as output partner. Vajna sold his share of Carolco in December 1989 for $106 million to Kassar due to increasing disagreement with Kassar over the direction of the company. That November, Vajna formed Cinergi Pictures, with The Walt Disney Company as a distribution partner. Kassar's ownership of the company increased to 62%. 1990–1994 In 1990, Pioneer Electric Corporation of Japan acquired a share in Carolco. Carolco acquired the rights to make a sequel to The Terminator from Hemdale Film Corporation in 1990 (the company already had the television rights to the original film courtesy of a television distribution deal with Hemdale). The company re-hired Terminator director James Cameron (who had worked as a screenwriter on Rambo II) and Arnold Schwarzenegger to star in a multi-million-dollar budgeted sequel, Terminator 2: Judgment Day (1991). It was the highest-grossing film of the year and the most successful film in Carolco's history. Halfway through the year, Carolco entered into a joint venture with New Line Cinema to start Seven Arts, a distribution company which primarily released much of Carolco's low-budget output. In 1991, syndicator Orbis Communications was renamed to Carolco Television, and Hilary Hendler said they wanted to better emphasize the Carolco connection. Carolco struggled for some years to secure the rights to Spider-Man, a property that Cameron was keen to produce as a film. Plans fell through, though Columbia Pictures would eventually produce several Spider-Man films. Toward the end of shooting True Lies, Variety carried the announcement that Carolco had received a completed screenplay from Cameron. This script bore the names of Cameron, John Brancato, Ted Newsom, Barry [sic] Cohen and "Joseph Goldmari", a typographical scrambling of Menahem Golan's pen name, "Joseph Goldman", with Marvel executive Joseph Calimari. (Golan had previously, and unsuccessfully, tried to produce a Spider-Man film for his own studio, Cannon Films.) The script's text was identical to what Golan had submitted to Columbia the previous year, with the addition of a new 1993 date. Cameron stalwart Arnold Schwarzenegger was frequently linked to the project as