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Caravan Pictures, Inc. was an American independent film distributor and film production company of Walt Disney Studios, formed by Roger Birnbaum and Joe Roth. Caravan's films were distributed by Buena Vista Pictures Distribution.
While Disney would sign directors and talent to two- and three-picture deals, Caravan would work with talent based on the project being produced and not lock them into agreements. The production company's slate strategy was to commit to screenwriters as directors, put bankable actors in predictable roles and low-budget movies with like break through talent. The unit had greenlight authority up to $30 million with the expectation of producing 5 to 7 films a year and did not have salary caps. They also did not have its own full business and legal affairs departments, and executives did not have titles until 1997.

Source: Wikipedia