Hollywood remains the principal source of funding and distribution, even when only a relatively small proportion of production is conducted entirely in-house. Technically independent productions include Hollywood blockbusters such as Terminator 2: Judgment Day (1991) and Basic Instinct (1992), produced by the independent Carolco in an alliance with TriStar Pictures. As with the likes of Selznick, arrangements with independents such as Carolco, Castle Rock and Morgan’s Creek in the 1990s gave the studios extra flexibility, to work in partnerships that reduced their risks, especially at the higher-budget end of the spectrum. It is clear that formal independence.
