Caravan Pictures, Inc. was an American film production company at Walt Disney Studios, formed by Roger Birnbaum and Joe Roth that was active from November 17, 1992 to 1999. Caravan Pictures' films were distributed by Buena Vista Pictures Distribution (now known as Walt Disney Studios Motion Pictures since 2007).
While Disney would sign directors and talent to two- and three-picture deals, Caravan Pictures would work with talent based on the project being produced and not lock them into agreements. The production company's slate strategy was to commit to screenwriters as directors, put bankable actors in predictable roles, and low-budget movies with like breakthrough talent. The unit had greenlight authority up to $30 million with the expectation of producing 5 to 7 films a year and did not have salary caps. They also did not have its own full business and legal affairs departments, and executives did not have titles until 1997.
History Caravan Pictures was founded by Roger Birnbaum and Joe Roth as a production company at Disney in 1992 to fill the Disney Studios' then-yearly 50 to 60 production and distribution slots. Caravan Pictures was given a five-year, 25-picture agreement with greenlight authority up to $30 million and an overhead budget of $3 million, and was expected to produce 5 to 7 films per year originally. After just releasing its first picture, The Three Musketeers, on Christmas Day 1993, Caravan Pictures expected to release 10 films in 1994, which could accelerate the end of the deal in 2 1/2 years instead of 5 years. They were able to get the adaptation of Angie, I Says that was in turnaround at 20th Century Fox, where they have previously worked. In 1993, Jonathan Glickman, who came from the USC's Peter Stark Program, joined Caravan Pictures as an intern. In early 1994, Fox executive Riley Kathryn Ellis, of which was a close friend of Roth, joined the company.
When three out of the next four films flopped at the box office, Roth promised to cover I Love Trouble cost overruns pegged at $15 million if it did poorly. It eventually flopped as well.
Roth moved on to be Disney studio chief on August 24, 1994, leaving Birnbaum in charge. Disney CEO Michael Eisner was so set on replacing Jeffrey Katzenberg as Disney studio chief with Roth that he forgave the cost overrun debt and paid Roth $40 million of fees for 21 unproduced films under the deal.
Caravan Pictures was restructured in September 1997 to expand production in quantity and television films. Glickman was promoted to president of Caravan Pictures at that time, which led Birnbaum to start giving out titles to executives.
In August 1998, Birnbaum left Caravan Pictures to co-found Spyglass Entertainment (with Gary Barber, former vice chairman and COO of Morgan Creek Productions) at Roth's prompting, in which Disney took an equity stake and signed a five-year distribution agreement. With Disney cutting its yearly production output, Roth recommended forming a self-financing production firm similar to New Regency Productions. After Caravan Pictures' remaining three films were released, the company went inactive. The final production credited to Caravan Pictures is the 1999 Walt Disney Pictures film Inspector Gadget; on a rather ironic note, if not a brief moment of foreshadowing, the Caravan Pictures logo at the end of the film shows the man walking as usual before sprouting a propeller from his hat á la Gadget and flying away offscreen, never to be seen again. Caravan Pictures' slate of movie projects and an initial financial advance of $10 million to $20 million against future overages were also contributed by Disney.
List of notable Caravan Pictures films TitleRelease dateDisney label released asNotesBudgetGross (worldwide)The Three MusketeersNovember 12, 1993Walt Disney Picturesco-production with Avnet-Kerner Productions; first film$30 million$111 millionAngieMarch 4, 1994Hollywood Picturesco-production with Morra-Brezner-Steinberg-Tenenbaum Productions$26 million$9.4 millionI Love TroubleJune 29, 1994Touchstone Picturesco-production with Nancy Meyers/Charles Shyer Productions$45 million$61.9 millionAngels in the OutfieldJuly 15, 1994Walt Disney Pictures$24 million$50.2 millionA Low Down Dirty ShameNovember 23, 1994Hollywood Pictures$10 million$29.4 millionHouseguestJanuary 6, 1995Hollywood Pictures$10.5 million$26.3 millionThe Jerky Boys: The MovieFebruary 3, 1995Touchstone Pictures$8 million$7.5 millionHeavyweightsFebruary 17, 1995Walt Disney Pictures$17.6 millionTall TaleMarch 24, 1995Walt Disney Pictures$32 million$11 millionWhile You Were SleepingApril 21, 1995Hollywood Picturesco-production with Roger Birnbaum Productions$17 million$182 millionThe Big GreenSeptember 29, 1995Walt Disney Pictures$12 million$17.7 millionDead PresidentsOctober 4, 1995Hollywood Picturesco-production with Underworld Entertainment$10 million$24.1 millionPowderOctober 27, 1995Hollywood Picturesco-production with Daniel Grodnik Productions and Roger Birnbaum Productions$9.5 million$30.8 millionBefore and AfterFebruary 23, 1996Hollywood Picturesco-production with Schroeder/Hoffman Productions$35 million$8.8 millionCeltic PrideApril 19, 1996Hollywood Picturesco-production with Roger Birnbaum Productions$9.2 millionFirst KidAugust 30, 1996Walt Disney Pictures$15 million$26.5 millionThe Rich Man's WifeSeptember 13, 1996Hollywood Pictures$8.5 millionMetroJanuary 17, 1997Touchstone Pictures$55 million$74 millionGrosse Pointe BlankApril 11, 1997Hollywood Picturesco-production with Roger Birnbaum Productions, Roth/Arnold Productions and New Crime Entertainment$15 million$31 millionGone Fishin'May 30, 1997Hollywood Picturesco-production with Roger Birnbaum Productions$53 million$19.7 millionG.I. JaneAugust 22, 1997Hollywood Picturesco-production with Scott Free Productions, Largo Entertainment, Roger Birnbaum Productions and Moving Pictures$50 million$97.1 millionRocketManOctober 10, 1997Walt Disney Picturesco-production with Roger Birnbaum Productions and Gold/Miller Management$16 million$15.4 millionWashington SquareOctober 17, 1997Hollywood Picturesco-production with Roger Birnbaum Productions and Alchemy Filmworks$15 million$1.8 millionSix Days, Seven NightsJune 12, 1998Touchstone Picturesco-production with Roger Birnbaum Productions and Northern Lights Entertainment$70 million$164.8 millionSimon BirchSeptember 11, 1998Hollywood Picturesco-production with Roger Birnbaum Productions and Laurence Mark Productions$30 million$18.2 millionHoly ManOctober 9, 1998Touchstone Picturesco-production with Roger Birnbaum Productions$60 million$27 millionInspector GadgetJuly 23, 1999Walt Disney Picturesco-production with Avnet/Kerner Productions, Roger Birnbaum Productions and DiC Entertainment; final film$75 million$134.4 million
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