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With a $10 million investment by CPI, and a reorganization of the various Columbia Pictures legacy labels (Colpix, Colgems, and Bell), Davis introduced Columbia Pictures' new record division, Arista Records, in November 1974, with Davis himself owning 20% of the new venture.
On September 1, 1987, The Coca-Cola Company announced plans to spin off Columbia Pictures, which it had owned since 1982. Under this arrangement, Coca-Cola would sell its entertainment assets (Coca-Cola's Entertainment Business Sector) to TriStar Pictures, of which it owned 39.6%.
Who owns Columbia Pictures? Columbia Pictures is owned by Sony Group. It was acquired on September 28, 1989.
May 26, 2023 · Sony purchased Columbia Pictures for $3.4 billion in 1989. CBS Record Group, part of Sony Music Entertainment, was acquired by 1988 for $2 billion. Sony purchased gaming and cloud company Gaikai...
Sep 23, 2024 · Columbia was purchased by The Coca-Cola Company in 1982. That same year, Columbia helped launch a new motion-picture studio, Tri-Star Pictures, which was merged with Columbia in 1987 to form Columbia Pictures Entertainment, Inc.
Jan 24, 2024 · After its acquisition by the Coca-Cola Company in 1982, Columbia Pictures Corporation and all of its entertainment holdings were purchased by Sony Corporation from The Coca-Cola Company in 1989, and the company was renamed Sony Pictures Entertainment in 1991.
The Sony Pictures Motion Picture Group was founded in 1998 as the Columbia TriStar Motion Picture Group, as a current division of Sony Pictures Entertainment, owned by Sony. It has many of Sony Pictures' current motion picture divisions as part of it.
