Live Entertainment Inc., a Van Nuys-based distributor of home videos and other entertainment products, said it has agreed to sell its 81% interest in VCL / Carolco Communications of Germany to Datty Ruth, managing director of VCL.
Ruth, who formed VCL in 1981, already holds the remaining 19% interest in the German video distribution company. Financial terms of the sale were not disclosed, and Live Entertainment said the transaction is expected to be completed later this year.
