[3] Pepeng Agimat, its maiden movie starring Bong Revilla, was one of the entries in the 1999 Metro Manila Film Festival.
2000 saw the film company producing several films, such as Eto Na Naman Ako, Minsan Ko Lang Sasabihin, FPJ's Ang Dalubhasa and Ayos Na ang Kasunod, and biopics Col. Elmer Jamias: Barako ng Maynila and The Ping Lacson Story.
[4][5] On January 3, 2001, amid the impeachment of then President Joseph Estrada, Millennium Cinema, along with Crown Seven Ventures, closed down.
[8] In March 2001, Millennium Cinema was relaunched by a new group of investors headed by Eric Cuatico as Maverick Films, with Luv Text as its maiden movie.
After over a decade of dormancy, it returned with Coming Home, his comeback movie which was one of the entries in the 2020 Metro Manila Film Festival.