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July 01, 1993|From Times Staff and Wire Reports

Blockbuster Video Ups Spelling Entertainment Stake: The video chain increased its holdings in the television production company to 64% from 54% through a privately arranged stock swap. Analysts speculated that Blockbuster may eventually acquire control of the company. Spelling is known for hit television shows such as "Beverly Hills 90210." The Spelling investment is one of several major ones Blockbuster has made Blockbuster recently in a program of diversification from the video business.

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