For the record, the new Cannon Films is not the same as The Cannon Group
On Wednesday of this week, cult film fanatics lost their minds when the prospect of The Cannon Group returning to movie-making appeared to be on the horizon. The recent release of Electric Boogaloo: The Wild, Untold Story Of Cannon Films has sparked a renewed interest in the company—headed by Menahem Golan and Yoram Globus—that infamously cranked out some of the wildest (and cheapest) movies of the ’80s. The appearance of a Facebook and Twitter account for a filmmaking company called Cannon Films Ltd. seemed to imply a rebirth of the B-movie factory, but that’s really not the case.