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REGIONAL ROUNDUP

Malibu Comics Sells Stake to Animation Firm

January 11, 1994

Malibu Comics Entertainment Inc., a Westlake Village comic book publisher and video game developer, has sold a minority interest in the company to Worldwide Sports & Entertainment Inc., a Denver animation firm.

Terms of the deal were not disclosed.

Malibu said the alliance with Worldwide Sports would aid its expansion into interactive compact-disc games, which require sophisticated animation. Malibu currently has CD projects for Sega and Nintendo systems based on Malibu's Ultraverse comic books.

Worldwide Sports is part of the Malaysia-based Excorp Group of entertainment companies and has an animation studio in the Philippines. Among the shows it produces is the new Fox TV series "Biker Mice From Mars."

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