[1] Initiated by Mark Damon, an actor-turned-producer,[1] PSO mostly handled foreign sales of independent films.
[3] On April 10, 1984, a major shake-up happened in the sales and acquisition department and executive Eleanor Powell moved position to become deputy managing director of the company.
[4] In November 1984, PSO merged with film financing firm The Delphi Companies; the resulting company, PSO-Delphi, forged a domestic theatrical distribution deal with TriStar Pictures and a home video distribution deal with CBS/Fox Video.
[12] PSO agreed on a new line of credit with Chemical Bank of New York and The First National Bank of Boston on the condition that the company had to concentrate on what it did originally, acquire foreign sales rights to pictures and sell those films abroad.
[1] A majority of the PSO library would ultimately end up with Lionsgate, and then Icon Entertainment International (originally founded by Mel Gibson).