Gramercy Pictures was an American film production and distribution label of Focus Features. It was founded on May 20, 1992 as a joint venture between PolyGram Filmed Entertainment and Universal Pictures. Gramercy was the distributor of PolyGram films in the United States and Canada and also served as Universal's art-house division. After Seagram's buyout of PolyGram, Barry Diller acquired Gramercy, Interscope Communications, and October Films,[1] merging the three companies to form USA Films in 1999. On May 12, 2015, Focus Features (the current art-house division for Universal) revived the name as a label for action, horror and sci-fi genre films; the label was phased out again after the release of the film adaptation of the video game series Ratchet & Clank on April 29, 2016, and a shift from genre films by Focus Features.