Thursday, August 20, 2009

Largo Entertainment May Return to Film Production

20 years ago, Largo Entertainment had its ups and downs when it came to independent film financing and sales. Timeless cult favorites Timecop, Point Break and Meet Wally Sparks were among Largo's previous success stories, much as Dr. Giggles, City of Industry and Back in the U.S.S.R. had been released domestically in theatres across the country by the major-studio system in recent year prior to Capitol Films' decision to add Largo to their library of more than 100 titles, not to mention the Franchise Pictures and Intermedia Film Equities catalogues.

For many years during the 1990s, Largo made more than 60-plus feature films destined for free-television premiere - among them Malcolm X, starring Denzel Washington in the title role; The Super; the mafia epic Mudholland Falls, featuring Nick Nolte; the Peter Baldwin-directed Wally Sparks; and Used People, Bebe Kildron's modern-day coming-of-age dramedy starring Kathy Bates. Largo was one of the most influential
independent motion picture financing, production, distribution and sales companies actively working with top
filmmakers and world-reknowned actors, creating contemporary feature-length motion picture extravaganzas
that set new standards in the creative community.

The 1990s had seen Largo as a world-class leader in independent filmmaking. February marked the 20th anniversary of the establishment of Largo Entertainment, which got its name from the "Lar" and "Go" in producer Larry Gordon, who would later go on to launch Mutual Film Company in the early 2000s.

The owner of the Largo catalogue, Capitol Films, was in trouble in May 2008. None of Capitol's previously acquired film libraries were in good shape - and I was wondering where did Largo went from there.

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