Furst's daughter suggested the moniker "Vestron," a portmanteau combining the name of Roman goddess Vesta and "Tron", which means "instrument" in Greek.[1]. In later years, the company began to shift towards mainstream films, including films released through their Vestron Pictures subsidiary, most notably Dirty Dancing. They also handled exclusive US distribution, marketing and sales of VidAmerica releases beginning in 1983. Vestron was the first company to release National Geographic and PBS' Nova videos in the late 1980s, mostly distributed by Image Entertainment, and was the first to market with a pro wrestling video, Pro Wrestling Illustrated Presents Lords of the Ring.
It's also preserved on Parents, which was released on a Lionsgate 6 Horror Movie DVD set also in March 2012. LIVE acquired Vestron's extensive (3,000 plus) film library; titles continued to be released under the Vestron name until 1992, with LIVE distributing these releases. [8] This line, dubbed the Vestron Video Collector's Series, is branded with an updated version of the first Vestron Video logo from 1982–1986 and began with Blu-ray releases of the cult films Chopping Mall (an outside theatrical release) and Blood Diner (released by Lightning Pictures) on September 27, 2016. Also, independent producers increased the price of what was available. Vestron Pictures was an American film studio and distributor, and a former division of Austin O. Furst, Jr.'s Vestron Inc., best known for their 1987 release of Dirty Dancing.. They also released a 3-volume series called How to Beat Home Video Games, which contains strategies for video games of the time. The most notable titles Vestron released were Dirty Dancing, Monster Squad, and An American Werewolf in London. Vestron Video was the main subsidiary of Vestron, Inc., a home video company based in Stamford, Connecticut, that was active from 1981 to 1992, and is considered to have been a pioneer in the home video market.
The company's financing fell through and it eventually filed for bankruptcy under Chapter 11, and was bought out on January 11, 1991, by Los Angeles-based LIVE Entertainment, a home video and music company, for $27.3 million. 4. They also distributed films under The Movie Store banner. [citation needed] Eventually they recognized the market potential and film products became increasingly harder for Vestron to acquire. At the end of some films, the logo exists as a 2D print logo. Vestron also had a genre film division, Lightning Pictures, a spin-off of Vestron's Lightning Video. Furst bought the video rights of the film library for himself and decided to form a home entertainment company with these assets. Vestron went public on the New York Stock Exchange in 1985 with what was, at the time, a large market cap initial public offering (IPO) of $440 million, which was oversubscribed. At its high point sales approximated $350 million annually, and the company sold video movies in over 30 countries either directly or through sub-licensing agreements. Vestron Video logo, used from 1982 to 1986 Vestron was founded in 1981 by Austin Owen … Nickname: "The Red Circle-V" Logo: Same as the Vestron Video logo, except "VIDEO" is replaced by "PICTURES". 3. Variants: On the 1991 and the 1998 VHSs (The latter is from Live Entertainment) … Today, most of Vestron Video's holdings are owned by Lions Gate Entertainment, which acquired LIVE's forerunner company, Artisan Entertainment, in 2003. On some films such as Dirty Dancing, it's silent or has the film's opening theme over it. The company was a spin-off of the earlier video distributor, Vestron Video.
[2] Starting in 1985, they handed these duties to their genre sub-label, Lightning Video.[3][4]. The International branches were split up and sold off after the bankruptcy during 1991, the UK branch was sold a year prior to Welsh ITV franchise holder HTV and renamed to First Independent Films. The company started to make its own films (Dirty Dancing, Earth Girls Are Easy, Blue Steel), but when the market's preferences matured, and shifted from watching almost any film to just watching "A" titles, which was the majors' specialty, Vestron was already committed to about 20 "B" to low-"A" projects. Vestron Pictures was a motion picture arm of Vestron Video, set up in January 1986. Today, the Vestron library is owned by Lions Gate Entertainment via their acquisition of Artisan Entertainment. FX/SFX: Same as the Vestron Video logo. On August 1, 2016, Lionsgate Home Entertainment announced its resurrection of the Vestron Video brand as a Blu-ray and DVD reissue label for Vestron and other Lionsgate-owned horror films, similar to boutique labels like Scream Factory and Blue Underground. [9][10][11], Vestron Video logo, used from 1986 to 1992, Learn how and when to remove this template message, "Vestron hired 3 members of PSO's management", "Making Horror Schlock Into Collector's Items with Vestron Video: Why Lionsgate is giving movies like 'Chopping Mall' and 'Blood Diner' the VIP Blu-ray treatment", "Exclusive: Vestron Video Returns with Blood Diner Blu-ray", "Lionsgate bows new Vestron BD series, plus BFI's Napoleon, Peter Gabriel, Da Vinci Code 4K, Phantasm & more", "Lionsgate Unveils New Vestron Video Logo", https://en.wikipedia.org/w/index.php?title=Vestron_Video&oldid=979468959, Mass media companies disestablished in 1992, Home video companies of the United States, Articles needing additional references from September 2012, All articles needing additional references, Articles with unsourced statements from May 2007, Creative Commons Attribution-ShareAlike License, This page was last edited on 20 September 2020, at 23:42. The company held on to its Time-Life Video library, and was also responsible for releases on Video Home System (VHS) videocassette as well as CED Videodisc (CED) of mostly B movies and films from the Cannon Films' library. Some movies have a purple tinted version of this logo.
This was a rights business, built by people who saw the value in video (VCR) rights to films before the major studios did. Their international divisions itself were the second largest after Warner Bros. Vestron had many direct theatrical, video and TV distribution offices around the world in major markets, and owned a video manufacturing plant in the Netherlands to supply European markets. Vestron was founded in 1981 by Austin Owen Furst, Jr. (born 1943), an executive at HBO, who was hired to dismantle the assets of Time-Life Films. The company enjoyed success for several years, at one point exceeding 10% of the US video movie market. The 1991 U.S. Vestron Video release (and late '90s reprint from LIVE Entertainment, sourcing this master) of Young Guns plasters the Fox logo with this. Music/Sounds: The triumphant synth horn fanfare of its video counterpart.
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