Regency Enterprises is a Los Angeles-based film and television production company formed by Arnon Milchan and Joseph P. Grace. It was founded in 1982 as Embassy International Pictures, but the company name changed to avoid confusion with Norman Lear's Embassy Pictures . Its most successful film is Mr. & Mrs. Smith, released on June 10, 2005. Its films were distributed by Warner Bros. From December 20, 1991 to July 29, 1998, and by 20th Century Fox since February 5, 1999. As a result, The Fountain, WB's first film produced with Regency Enterprises since 1998, was distributed by that studio... only in North America - Fox held international rights . Its operating units include New Regency Productions and Regency Television .
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