After the lapse of its initial business plan in the early 1970s, the studio became the government-backed National Film Studios of Ireland, under the management of Sheamus Smith. During Smith's tenure, notable movies based there included Michael Crichton's "The First Great Train Robbery", starring Sean Connery. When government funding was withdrawn in the early 1980s, a consortium led by Tara Productions (Ireland) Limited, among whose partners were producer Morgan O'Sullivan and writer Michael Feeney Callan, and MTM Hollywood acquired the studios in November 1986. O'Sullivan then spearheaded a campaign to attract major international films to Ireland – a strategy Dalton and his partner, the entrepreneur Louis Elliman, had pioneered in the 1950s – and succeeded in securing important co-production investment which revived the studios during the 1990s.