Arkoff International Pictures
Arkoff sold AIP to Filmways in 1979, which he later described as "a giant mistake... [they] wanted to change everything AIP stood for." Arkoff stayed on for a time as consultant but eventually sold the rest of his stock and retired. AIP did not last long afterwards.
Arkoff decided to come out of retirement establishing a new company which was run along similar principles to AIP. Its first film was Q – The Winged Serpent entirely financed by Arkoff himself.
In 1987 it was announced Arkoff had secured funds from a Canadian investor "reported to run into nine figures". Arkoff announced a series of films to be made in Canada, the US and Mexico with his son Lou Arkoff as executive vice president. The company's founder advised an audience tending an acquisitions seminar at the Showbiz Expo to divide rights in 1987 as a way of recouping their costs.