The story
Founded by Eliot Hyman and Ray Stark in 1957.1
The company was established in December 1957. It originated from Associated Artists Productions (AAP), managed by Ray Stark and Eliot Hyman, which specialised in acquiring older films and reselling them to television. Stark and Hyman sought to enter film production; however, AAP's principal stockholder, Louis Chesler, did not share this interest, which led to the creation of Seven Arts.
According to Stark, the company aimed to remake older Warner Bros. films or adapt previously filmed stories into stage plays. Hyman served as a private partner while continuing as president of AAP. His son, Kenneth Hyman, acted as liaison between Seven Arts and AAP. David Stillman was appointed president of Seven Arts.
Canadian takeover
Maxwell Goldhar, Kenneth Kelman, and George R. Gardiner took over Donnell & Mudge Ltd. and turned it from a tanning business into a holding and investment company. George Gardiner, president of PRM, became Donnell & Mudge's president. These connections led to Donnell & Mudge becoming a subsidiary of Associated Artists Productions. Donnell & Mudge was renamed to United Telefilms Ltd. on June 6, 1958. United Artists acquired AAP in October 1958, sold its stake in United Telefilms to a Toronto broker syndicate in April 1959, and was renamed to Creative Telefilms & Artists Ltd. on December 23, 1959. Creative Telefilm later acquired Stark and Hyman's Seven Arts Productions studio and on August 12, 1960, renamed itself to Seven Arts Productions Ltd. A U.S. television distribution subsidiary, Seven Arts Associated Corp., was formed in Delaware around the time of the rename.
From Wikipedia’s article on Seven Arts Productions, shared under CC BY-SA 4.0.4