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"Halloween" began as an idea suggested by Yablans (entitled "The Babysitter Murders"), who envisioned a film about babysitters being menaced by a stalker. Carpenter took the idea and another suggestion from Yablans that it take place during Halloween and developed them into a story. Along with noted film producer and financier Moustapha Akkad, Yablans put forward $300,000 for the film's production, filming in Pasadena, California over the course of 20 days. Released in late October 1978, "Halloween" was an unprecedented success, making $70 million in its initial theatrical run, becoming the highest grossing independent film of all time until it was surpassed by "Teenage Mutant Ninja Turtles", released 12 years later. Yablans and Akkad remained as executive producers after the film's sequel rights were sold to Dino De Laurentiis, the latter producing every entry in the series until his death in 2005. Yablans and Akkad, along with producer Joseph Wolf, founded the independent production and distribution studio Compass International Pictures (later Trancas International Films Ltd).