Pada tanggal 21 Desember 1987, Tri-Star Pictures, Inc. diganti namanya menjadi '''Columbia Pictures Entertainment, Inc.''' ketika Coke menjual bisnis hiburannya kepada Tri-Star sebesar $3.1 milyarmiliar, yang juga menghasilkan Columbia/Tri-Star dengan menggabungkan Columbia dan Tri-Star. Kedua studio terus berproduksi dan memasarkan film-film dengan nama masing-masing.<ref>KATHRYN HARRIS (September 2, 1987) [http://articles.latimes.com/1987-09-02/business/fi-3400_1_coca-cola-television-and-columbia-pictures Coke, Tri-Star Confirm Plans for $3.1-Billion Deal] ''[[Los Angeles Times]]'', Retrieved on August 8, 2013</ref><!-- Note to one hopper who reposts information about a so-called "31st Anniversary": you know it isn't happening, and if you re-post your false information, I will see it that you will never be able to edit this page for quite some time. Thank you. - Freshh --> Pada tanggal 13 April 1988, CPE dipisahkan dari Tri-Star Pictures, Inc. as a reformed company of the Tri-Star studio.<ref>{{Cite web|url = http://appext20.dos.ny.gov/corp_public/CORPSEARCH.ENTITY_INFORMATION?p_nameid=1367154&p_corpid=1252551&p_entity_name=Tri-Star%20Pictures&p_name_type=%25&p_search_type=BEGINS&p_srch_results_page=0|title = State of New York Division of Corporations - Entity Search: Tri-Star Pictures, Inc.|accessdate = 5 August 2013}}</ref>
