Working Title Films was co-founded in 1983 and produced successful British films throughout the 1980s. In 1992, Polygram became their financial backer and produced more hits. Polygram was later sold to Universal Studios in 1999. Working Title has had a long and successful partnership with Universal and Studio Canal to produce British-focused films with international appeal through co-productions and distribution deals. While most have been profitable, some larger budget films have lost money. Working Title's model of collaborating with major studios has helped sustain the British film industry by funding character-driven films for worldwide audiences.