BUSINESS
June 10, 1987 | KATHRYN HARRIS, Times Staff Writer
Andre A. Blay, a pioneer in the home video industry who most recently headed Embassy Home Entertainment, said Tuesday that he and and film producer Elliott Kastner have acquired 60% of Cinema Group's film distribution and home video operation for undisclosed terms. The purpose of the investment, Blay said, is "to build it into a small studio." He added, however, that he and Kastner are not acquiring the 10-year-old company's film investment activities or theaters.