American Broadcasting Company (ABC)'s entry into film began with their purchase of the Selznick library from the David O. Selznick estate.
The studio's films were distributed by Cinerama Releasing Corporation.
The studio never turned a profit for ABC and was shut down in 1972.
[citation needed] In May 1979, ABC returned to film production with the formation of ABC Motion Pictures, this time with distribution through 20th Century-Fox.
[2] Both ABC and 20th Century-Fox are now owned by The Walt Disney Company.