Premise: The Wraith is a 1986 American independent action-horror film produced by John Kemeny, written and directed by Mike Marvin, and starring Charlie Sheen, Sherilyn Fenn, Nick Cassavetes, and Randy Quaid. The film was released theatrically on 288 screens in the U.S. by New Century Vista Film Company (later New Century Entertainment Corporation).
Hypothesis: New Century Entertainment Corporation released The Wraith in 1986.