Music Corporation of America
During this period, Montgomery sold 20% of the company to MCA Inc., parent company of Universal Studios for $3 million. (Universal licensed the characters for use in its theme parks.) Montgomery also optioned Richie Rich and Casper for two feature films: "Richie Rich" was released in 1994 and was a financial flop, while "Casper", which was released the following year, became a massive hit.