Post by The Ultimate Nullifier on Apr 17, 2016 18:13:53 GMT -6
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1967–1979: Beginnings
Cannon Films was incorporated on October 23, 1967. It was formed by Dennis Friedland and Chris Dewey while they were in their early 20s. They had immediate success producing English language versions of Swedish soft porn films directed by Joseph W. Sarno: Inga (1968) aka "Jag - en oskuld" and To Ingrid, My Love, Lisa (1968) aka "Kvinnolek". By 1970, they had produced films on a larger production scale than a lot of major distributors, such as Joe, starring Peter Boyle. They managed this by tightly limiting their budgets to $300,000 per picture—or less, in some cases. However, as the 1970s moved on, a string of unsuccessful movies seriously drained Cannon’s capital. This, along with changes to film-production tax laws, led to a drop in Cannon's stock price.
1967–1979: Beginnings
Cannon Films was incorporated on October 23, 1967. It was formed by Dennis Friedland and Chris Dewey while they were in their early 20s. They had immediate success producing English language versions of Swedish soft porn films directed by Joseph W. Sarno: Inga (1968) aka "Jag - en oskuld" and To Ingrid, My Love, Lisa (1968) aka "Kvinnolek". By 1970, they had produced films on a larger production scale than a lot of major distributors, such as Joe, starring Peter Boyle. They managed this by tightly limiting their budgets to $300,000 per picture—or less, in some cases. However, as the 1970s moved on, a string of unsuccessful movies seriously drained Cannon’s capital. This, along with changes to film-production tax laws, led to a drop in Cannon's stock price.