FITNE Films

**FINTE Films** is an American film production and distribution company, that was founded back in 1958, by Movies Group.

## FITNE Films

### Owner

FITNE Asset Management LLC (Hudson Capital Group)

### Subsidiaries

13 StudiosFITNE Television

FITNE Syndication

FITNE Communications

## History

After it was founded in 1958, it was involved in film distribution. Notable early partners were, RKO Pictures, 20th Century Fox, Paramount Pictures, and others.

In the 1960s, FINTE terminated contracts with major movie studios due to dispute over local home releases.

In 1976, it purchased 13 Studios, a notable company known for owning 13 Films (formerly part of The Carolina Network under the name Carolina Enterprises), 13 Productions (later merged with FINTE's production division, assuming the name FINTE Television), and the rights to Alan Landsburg Productions films and shows. After the merger, FINTE was forced to sell its Home Video division to a company that later became part of Spelling Entertainment in 1980.

In 1982, it was hit by a box office failure, the film The Killers, only received small money, that resulted in the sale of the studio to Dune Films, the next year.

In 1985, it returned to home distribution by forming Thirteen Video Group.

In 1990, it was hit by another box office failure, Scream It, only received $14.545.00 in sales, and Dune Properties wanted to exit the film business.

In 1991, Dune Films, the owners of FITNE Films, 13 Studios, RKO Licensing, and Films Inc, was sold to Hudson Films, an affiliate of Hudson Capital Group.

In 2008, Films Inc. was spun off into a seperate company, and as a result, RKO Licensing was shut down the same year.

In 2010, FINTE filed for bankruptcy after a $15 billion loss caused by Hudson's restructure. It emerged from bankruptcy on December 7, 2010, under FITNE Asset Management LLC.

In 2019, Hudson Films announced it will spin off FITNE as a public-traded company, after a $320 million loss as a result of competition with The Walt Disney Company (who recently acquired 20th Century Fox back in March 2019 as part of the acquisition of 21st Century Fox by The Walt Disney Company), Viacom, WarnerMedia, MGM, Lantern Entertainment, and others. However on November 2, 2019, Hudson announced to sell FITNE Films to Greg Delord, a notable motion film assistant in the Richardstown area. The broadcast assets however will be sold to FITNE Communications Acquisition LLC, an affiliate of CityPoint Capital Group, after the sale of the studio is completed.

## FITNE Communications

*Additional info: FITNE Communications*

**FITNE Communications** is the broadcast arm of FITNE Films, it was formed in 1954 by Carolina Enterprises, under the name CE Broadcasting Company, until the fin-syn law caused The Carolina Network selling its syndication division to 13 Films, in 1974. In 1976, this division became part of FITNE Films, after the latter acquired 13 Studios. It now compresses of 4 Fox-affiliated stations, 6 NBC-affiliated stations, 5 CBS-affiliated stations, 2 standalone CW-affiliated stations, 7 ABC-affiliated stations, and 10 independent stations.

## FITNE Communications

### Fate

To be sold to FITNE Communications Acquisition LLC, an affiliate of CityPoint Capital Group.