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BRIEFLY

Entertainment

July 10, 1992|From Times Staff and Wire Reports

Savoy Pictures Gets Equity Infusion: Savoy Pictures Entertainment, the new film company started earlier this year by former Columbia Pictures executives Victor Kaufman and Lew Korman, said it received a cash infusion of more than $50 million from three new foreign investors. The new equity partners are Italy's Silvio Berlusconi and Mario and Vittorio Cecchi Gori and Britain's Carlton Communications. In addition, Savoy said certain original stockholders, including GKH Partners, have increased their stake in the company. The company said the moves increase Savoy's capital base to more than $150 million.

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