Gramercy Pictures was an American film production label. It was founded in May 1992 as a joint venture between PolyGram Filmed Entertainment and Universal Pictures. Gramercy was the distributor of PolyGram films in the United States and Canada and also served as Universal's art-house division. After Seagram's buyout of PolyGram, Gramercy along with October Films were merged by Barry Diller to form USA Films in 1999. In 2015, Focus Features (the current art-house division for Universal) revived the name as a label for action, horror and sci-fi genre films; the label became dormant after the release of Ratchet & Clank in 2016.