Hollywood Pictures Company was an American film production label of Walt Disney Studios, founded and owned by The Walt Disney Company. Established on February 1, 1989, by Disney CEO Michael Eisner and studio chief Jeffrey Katzenberg, Hollywood Pictures was founded to increase the film output of the Walt Disney Studios, and release films similar to those of Touchstone Pictures. These films, featuring more mature themes, were targeted at adult audiences unlike the family-oriented productions of the studio's flagship Walt Disney Pictures division. After years of hiatus, the label was shut down on April 27, 2007 and is currently an in-name-only unit of Walt Disney Pictures. The studio's most commercially successful film was M. Night Shyamalan's The Sixth Sense, which grossed over $670 million worldwide upon its release in 1999.