Regency Enterprises is a Los Angeles-based entertainment company formed by Arnon Milchan and Joseph P. Grace. It was founded in 1982 as Embassy International Pictures, but the company name changed to avoid confusion with Norman Lear's Embassy Pictures (known from 1975 to 1982 as Avco Embassy Pictures). Its most successful film is Mr. & Mrs. Smith, released on June 10, 2005.
| Type | Production company |
|---|---|
| Industry | Film and television production |
| Founded | 1982 |
| Key people | Arnon Milchan Joseph P. Grace Michael Nathanson Steven Reuther Alexandra Milchan |
Regency Enterprises is a Los Angeles-based entertainment company formed by Arnon Milchan and Joseph P. Grace. It was founded in 1982 as Embassy International Pictures, but the company name changed to avoid confusion with Norman Lear's Embassy Pictures (known from 1975 to 1982 as Avco Embassy Pictures). Its most successful film is Mr. & Mrs. Smith, released on June 10, 2005.
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New Regency Productions is a production company founded in 1991 by Arnon Milchan and a subsidiary of Regency Enterprises.[1] It is located on the 20th Century Fox lot. New Regency primarily produces movies, and has at least 100 movies to its credit.
In September 1997, Milchan signed a 15-year distribution pact with 20th Century Fox worldwide in all media outside of foreign TV rights, ending a previous association with Warner Bros. Fox's parent company News Corporation funneled $200 million in New Regency, in exchange for a 20% stake in the company.[2] In 2011, Fox and New Regency extended the pact, to expire in 2022.[3]
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