soysuza OP t1_j5eq8qk wrote on January 22, 2023 at 1:57 PM

Reply to comment by OuttatimepartIII in TIL Columbia Studios was owned by the Coca-Cola Company from 1982 to 1987, during which the studio released Ghostbusters, Stripes and The Karate Kid. The studio was sold off in part due to the financial losses from releasing Ishtar in 1987. by soysuza

From what I gather, Coca-Cola was already starting to think a movie studio investment was more volatile than anticipated then WHAM this flop movie sends them the bill.