Golden Nugget Studios

Golden Nugget Studios was a New Mexico-based film distributor.

History
In 1960 Golden Nugget Studios was founded.

In 1975, Golden Nugget Studios began to have plans to build the amusement park that was themed to Wild West.

They named this park called "Golden Lasso Theme Park", which was later called Desertworld in 1984.

The company released a re-edited version of The Worm Eaters, when it was originally released in 1977.

The company, also released Monster House (1982) along with Karen Packer: The Teenage Girl Behind The Brown Door, and it was a huge success.

After Magnetic Video Corporation went defuncted January 1982, Golden Nugget Studios started their own home video company called Golden Nugget Home Entertainment.

On November 29, 1983, a major fire engulfed the headquarters of the company, destroying posters, and offices. The exact cause of the fire is still unknown to this day, but some believe that it was caused by a broken heater. Others believe that the fire may have been started by either a rogue employee or a spree arsonist; however, in the nearly 40 years since the fire, no evidence has come out to suggest that the fire was deliberately started. Whatever the case, the damage was massive - so massive, in fact, that the company declared bankruptcy the same night. However, several film reels were survived from the major fire by one of the employees.