For decades, Hollywood has devoured production companies making tiny-budget movies. But one studio has kept from getting devoured by filling its movies with things getting eaten—as well as ripped apart, melted and otherwise destroyed.
Founded in 1974, Troma Entertainment has had a hand in 400 movies, largely horror titles like “The Toxic Avenger” and “Tromeo and Juliet,” which have won a loyal base of fans. The studio’s style is unmistakable: gore, guts and an over-the-top tone that draws gasps and guffaws. Hollywood studios...