Meaning: The quote, "That was Embassy Pictures, they went bankrupt shortly after This is Spinal Tap came out," is a tongue-in-cheek remark made by actor Harry Shearer. This quote is a reference to the cult classic rock mockumentary film "This is Spinal Tap," which was released in 1984. The film was directed by Rob Reiner and co-written by Reiner, Christopher Guest, Michael McKean, and Harry Shearer, who also starred in the film as the bassist, Derek Smalls.

Embassy Pictures, the film's distributor, indeed faced financial troubles shortly after the release of "This is Spinal Tap." The demise of Embassy Pictures is often attributed to a combination of factors, including financial mismanagement and unsuccessful film releases. The quote by Harry Shearer humorously suggests a causal link between the release of "This is Spinal Tap" and the subsequent bankruptcy of Embassy Pictures, although the reality is likely more complex.

"This is Spinal Tap" is a mockumentary that parodies the rock music industry, following the fictional British heavy metal band Spinal Tap on their disastrous North American tour. The film is renowned for its satirical depiction of the music industry, including exaggerated portrayals of egotistical band members, absurd stage performances, and the pitfalls of fame and fortune. The film's deadpan humor and improvisational style have endeared it to audiences and critics alike, leading to its status as a cult classic.

Despite its initial modest box office performance, "This is Spinal Tap" gained a devoted following and achieved enduring popularity through home video releases and television broadcasts. Its impact extended beyond the realm of entertainment, as the film's portrayal of the music industry resonated with real-life musicians and industry insiders. The term "Spinal Tap moment" has even entered the lexicon to describe absurd or exaggerated situations in the context of rock music and beyond.

Harry Shearer's quote about Embassy Pictures going bankrupt after the release of "This is Spinal Tap" reflects the film's lasting influence and enduring legacy. While the quote is delivered in a lighthearted manner, it underscores the film's significance in popular culture and its role in shaping the public's perception of the music industry. The quote also serves as a testament to the film's impact on the industry, as it is often cited as a touchstone for musicians and music enthusiasts seeking to understand the absurdities of the business.

In summary, Harry Shearer's humorous remark about Embassy Pictures' bankruptcy following the release of "This is Spinal Tap" encapsulates the film's enduring legacy and cultural impact. The quote serves as a playful nod to the film's influence on the music industry and popular culture, while also highlighting the enduring popularity and significance of "This is Spinal Tap" as a beloved cult classic.