The first film under the agreement was Rambo: First Blood Part II. TriStar released the majority of Carolco's films from that point on in the U.S. and some other countries until 1994. The sequel Rambo: First Blood Part II (1985), was timed for the 10th anniversary of the United States' exit from the Vietnam War; that event garnered publicity for the new film, which also became a hit. Tri-Star and Carolco would eventually renew its partnership in 1986 so that was enabled to distribute future films like Rambo III, and called for Tri-Star to distribute upcoming Carolco product for a new multi-feature agreement. The release of the two Rambo films were so instrumental to Carolco's financial success that the studio focused more on big-budget action films, with major stars such as Stallone (who later signed a ten-picture deal with the studio) and Arnold Schwarzenegger attached. These films, aimed at appealing to a worldwide audience, were financed using a strategy known as "pre-sales", in which domestic and foreign distributors invested in these marketable films in exchange for local releasing rights. On May 14, 1986, Carolco decided to restructure their corporation into a new structure with Peter Hoffman hired as president and CEO of the studio, and decided to set up subsidiaries and alliances within the branch of the own Carolco movie studio. Carolco entered home video distribution as well. Independent video distributor International Video Entertainment (IVE) was going through financial difficulties and was near bankruptcy. In 1986, Carolco purchased IVE in the hopes of "turning the company around." The deal was finalized a year later. On December 17, 1986, Carolco had closed a deal with HBO/Cannon Video, bringing Carolco back the rights to the two pictures Angel Heart and Extreme Prejudice for $43 million, and decided was in talks to purchase a small independent production studio, The IndieProd Company, for an undisclosed price amount of $40 million, in order to relicense the pictures to International Video Entertainment, which the company held a controlling interest in the studio. IVE merged with another distributor, Lieberman, and became LIVE Entertainment in 1988. On December 24, 1986, Carolco expanded into video retail holdings by acquiring Filk's Video, which was a Woolbridge, New Jersey video store that has been officially opened shortly and that they teamed up with Tom House of the New York-area American Video Enterprises chain, in order to expand the distribution channels of