National General Pictures National General Corporation was a theater chain holding company , film distribution and production company and was considered one of the "instant majors". It was in operation from 1951 to 1974.Divisions Its division National General Pictures was a production company which was active between 1967 and 1973 . NGP produced nine motion pictures in-house. The company was a division of the National General Corporation which started as the spun out Fox Theatre chain of movie houses, which were later sold to the Mann Theatres Corporation. National General had its own record label, National General Records , that operated for at least three years and was distributed by Buddah Records .History National General Corporation was a film distribution network and the successor of 20th Century Fox's theater division with 550 theaters when spun off in 1951 and reduced in half by court order six years later. National General entered distribution in 1966 under a three-year waiver from the consent decrees with six distribution offices. In 1967, the CBS television network decided to produce their own films for theatrical release through their production unit Cinema Center Films , which was releasing their films through the National General Corporation. NGC had also entered theatrical film production under Charles Boasberg in 1967 as National General Pictures. The ABC television network had done the same thing with Cinerama in the formation of another instant major partnership. In 1969, after a request for an indefinite waiver, the consent decree waiver was extended for another three years. NGC gained another production partner in 1969 with the formation of First Artists Productions. When the company failed to acquire Warner Bros . in 1969 by rejection from the anti-trust division of the Justice Department , NGP was closed in 1970. By 1970, all the instant majors had each captured 10% of the market . Following Cinema Center's closure, NGC was taken over by American Financial Corporation in 1972, but continued distributing films until 1973. In November 1973 , American Financial sold NGC/NGP's releasing contracts and film library to Warner Bros. National General, then just containing 240 theaters, were sold in 1973 to Mann Theatres.1960s 1970s
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