Gramercy Pictures is a film label, and was a film distributor, originally launched in May 1992, as a joint venture of PolyGram Filmed Entertainment and Universal Pictures. Gramercy was the distributor of PolyGram movies in the United States and Canada, and also served as Universal's art-house division. After Seagram's buyout on PolyGram, Gramercy, along with October Films, was merged by Barry Diller, to form USA Films in 1999. As of 2015, Focus Features revived the name as a label for action, horror and sci-fi genre films.