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The first mention of the name Empire Pictures came in May 1983 at Cannes when Band sought funding for Parasite II, the proposed sequel to his successful Parasite from the previous year. The initial Empire Pictures productions included Swordkill (aka Ghost Warrior ) and The Dungeonmaster, which both received limited theatrical releases in 1984. He is the son of New York businessman and lawyer Arthur Penn, who led the acquisition of the Capital Markets Assurance Corporation from Citicorp. [Read More]