In 1990, Guardian Red Home Video launched as another budget label division of Live Home Video to re-release titles from other IVE labels (The Video Late Show, Thriller Video, Caballero Control Corporation Home Video, Adventure Video, U.S.A. Sports Video and RadioVision Video) and the pre-1986 Monterey Home Video releases alongside new titles and some of the Carolco Pictures rereleases originally made by Thorn EMI/HBO and International Video Entertainment. The company shut down and folded into Live Home Video in 1992. Their first titlesS include The Adventures of Charlie Chan: The Complete Collection, George Michael: Stand By Me and Deadly Games, released on September 18, 1990.

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