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Inititated in the late 1970s, ''PSO'' (its otherwise known moniker) handled European distribution of films that are today Cult Classics , such as '' The Final Countdown '', '' Dead And Buried '', '' Prizzi's Honor '', and '' Once Upon A Time In America ''.

In its final years of existence, PSO briefly became a full-fledged production company, producing films such as '' Flight Of The Navigator '' (with Disney ), '' Short Circuit '' (with Tri-Star Pictures ), and '' Das Boot '' (with Columbia Pictures ).

After the company's folding, the assets of PSO were sold to Vestron Pictures , its home video output partner. PSO is known today as Lions Gate Films , which handles some ancillary rights to the former PSO library.