Blue Steel began life on the slate of Vestron Pictures' offshoot Lightning Pictures — a small, risk-taking indie label that greenlit the film under Lawrence Kasanoff, Lightning’s head of production. The movie was shot as a Kathryn Bigelow project with heavyweight producers attached (Oliver Stone is listed among the producers and Edward R. Pressman also helped secure financing), but the picture’s distribution plan ran headlong into a corporate collapse. As Vestron’s cash crunch deepened and the company moved toward eventual bankruptcy, the film’s planned release on the Lightning label evaporated and the rights were ultimately acquired by Metro-Goldwyn-Mayer for theatrical distribution.
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AI concept artworkArchive Record · 1990s
Vestron's Financial Collapse Hands Blue Steel to MGM and Alters Its Release Path
Blue Steel (1990) / 1990s
Blue Steel began life on the slate of Vestron Pictures' offshoot Lightning Pictures — a small, risk-taking indie label that greenlit the film under Lawrence Kasanoff, Lightning’s head of production. The movie was shot as a Kathryn Bigelow project with heavyweight producers attached (Oliver Stone is listed among the producers and Edward R. Pressman also helped secure financing), but the picture’s distribution plan ran headlong into a corporate collapse. As Vestron’s cash crunch deepened and the company moved toward eventual bankruptcy, the film’s planned release on the Lightning label evaporated and the rights were ultimately acquired by Metro-Goldwyn-Mayer for theatrical distribution.
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