Predator was written in 1984 under the working title of Hunter. Filming ran from March to June 1986 with creature effects devised by Stan Winston; the budget was around $15 million. 20th Century Fox released the film on June 12, 1987, in the United States, where it grossed $98.3 million. Initial reviews were mixed, but the film has since been reappraised as a classic of the action genre.

The success of Predator spawned a media franchise of films, novels, comic books, video games, and toys. It spawned three direct sequels: Predator 2 (1990), Predators (2010) and The Predator (2018), and an upcoming installment in preproduction. A crossover with the Alien franchise produced the Alien vs. Predator films, which include Alien vs. Predator (2004) and Aliens vs. Predator: Requiem (2007).