New World Pictures is an American film production and distribution company founded in 1970 by the low-budget filmmaker and producer Roger Corman, built initially on inexpensive exploitation and genre films aimed at the drive-in and grindhouse market. Under Corman's direct management, the company became a well-known launching pad for young filmmakers who went on to major Hollywood careers, including Jonathan Demme, Joe Dante and Ron Howard, all of whom directed early films for New World. Corman sold the company in 1983, after which it moved toward more mainstream studio-style productions under new ownership, distinct from the scrappy independent operation he had built.
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1. Wikipedia, New World Pictures
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It was founded on July 8, 1970, by Roger and Gene Corman as New World Pictures, Ltd. as producer and distributor of motion pictures, before eventually expanding into television production in 1984.
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20th Century Fox (then solely owned by News Corporation), controlled by Rupert Murdoch, became a major investor in 1994 and purchased the company outright in 1997; the alliance with Murdoch, specifically through a group affiliation agreement with New World reached between the two companies in May 1994, helped to cement the Fox network as the fourth major U.S. television network.
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