Gramercy was the distributor of PolyGram films in the United States and Canada and also served as Universal's art-house division.

Several Gramercy releases of the 1990s have grown in stature to become cult classics in the present day: The Big Lebowski, Dazed and Confused, Clay Pigeons and Mallrats.

In addition, 1995's The Usual Suspects won two Oscars, for Best Original Screenplay (Christopher McQuarrie) and Best Supporting Actor (Kevin Spacey).

[citation needed] On May 20, 2015, Focus Features announced that the Gramercy label has been revived to release action, horror and sci-fi genre films.

[2] The revived label was later phased out following the box office failure of Ratchet & Clank and a shift from genre films by Focus Features.