the Carolco material, and it would be simultaneously with Paramount's move into video retailers. On January 21, 1987, they set up a licensing subsidiary to handle various worldwide merchandise of the Rambo series, Carolco Licensing, which would be headed up by Bob Mislrowski, which would handle licensing for characters in motion pictures that were produced by the studio. In the late 1980s, Carolco attempted to buy film distributor Orion Pictures and home video distributor Media Home Entertainment, but the deal failed. In late July 1987, Carolco set up a new overseas division Carolco Films International, by acquiring the overseas rights to the four pictures by John Carpenter and Alive Films, which were the first pickups for the foreign sales operation, which will be headed by former Goldcrest employee and then-future Intermedia co-founder Guy East, and delivered to four years with a budget of $4–5 million, and the first of the titles were Prince of Darkness, followed by They Live, Victory Out of Time, and a fourth title that was to be announced, and expand into producing partnerships with TV systems in Europe and various home video companies and moves into exhibition and television ownership, and the company will look into 3-5 English-language films annually to accomplish the 3-4 in-house productions, and profits generated by Carolco Films International, to be held into production investments that were going to be on hand. The company was then expanded in October 1987 to set up a London office that hired two ousted employees from the ousted Goldcrest studio, Greg Dinner, who will serve as vice president of development at Carolco Films International, and Barbara Booker was named manager of foreign sales administration. In late 1987, the company received a tax shelter agreement with Canadian production and distribution studio Alliance Entertainment Corporation, to finance multiple pictures for Carolco, such as Food of the Gods II, Iron Eagle II and Pound Puppies and the Legend of Big Paw, which was to be released in foreign sales by the Carolco Films International division. On August 28, 1987, Carolco acquired television syndicator Orbis Communications for $15.4 million and initiated television production and distribution. The company decided to invest money in launching pilots for first-run syndicated series, and as many as eight television movies a year for primetime, and Orbis decided to focus on action/suspense movies, which tend to be the ones most in demand for foreign domestic TV