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BUSINESS
May 21, 1993 | From Times Staff and Wire Reports
Andrews Group Acquires 50% Stake in Genesis Entertainment: New York-based Andrews Group, acting through subsidiary Four Star International, has acquired a 50% stake in Agoura Hills-based Genesis Entertainment, the company that produces and distributes "The Whoopi Goldberg Show." The Andrews Group, controlled by investor Ronald O. Perelman, also owns stakes in Marvel Entertainment Group and New World Entertainment.
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BUSINESS
March 11, 1997 | SALLIE HOFMEISTER
After less than six months on the job, Scott Sassa is expected to leave as chairman of Marvel Entertainment Group to take an expanded role at Ronald Perelman's holding company, MacAndrews & Forbes, according to Hollywood sources. Sassa took the helm of the troubled comic book company after leaving Turner Broadcasting System Inc. in a management shake-up last September. Within weeks, Marvel, which is 80%-controlled by Perelman, filed for bankruptcy protection.
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BUSINESS
December 17, 1996 | Bloomberg Business News
Financier Carl Icahn proposed a rights offering for $350 million new shares of Marvel Entertainment Group Inc. open to all Marvel stock- and bondholders in an alternative rescue plan for the struggling comic book publisher. Icahn--in a letter to Marvel's board and its largest shareholder, Ronald Perelman's Andrews Group--threatened to sue if Marvel files for bankruptcy protection or goes ahead with Andrews' plan. Andrews Group proposed that it buy 410 million new shares for 85 cents each.
BUSINESS
December 17, 1996 | Bloomberg Business News
Financier Carl Icahn proposed a rights offering for $350 million new shares of Marvel Entertainment Group Inc. open to all Marvel stock- and bondholders in an alternative rescue plan for the struggling comic book publisher. Icahn--in a letter to Marvel's board and its largest shareholder, Ronald Perelman's Andrews Group--threatened to sue if Marvel files for bankruptcy protection or goes ahead with Andrews' plan. Andrews Group proposed that it buy 410 million new shares for 85 cents each.
BUSINESS
May 3, 1988
Andrews Group, formerly Compact Video in Burbank, reported Monday that it had completed the previously announced sale of several subsidiaries. Corporate raider Ronald Perelman, who owns 41% of Andrews through his investment company MacAndrews & Forbes, has been selling the assets of the diversified video concern to raise cash and to turn Andrews into a shell company for a major acquisition. Perelman's office said the sales announced Monday brought in $43 million in cash and $4.
BUSINESS
June 6, 1989
Andrews Group Inc. has completed a successful tender offer to acquire the stock of New World Entertainment for about $145 million . . . Newbury Park-based LIVE Entertainment said it has completed its previously reported acquisition of the BeckZack Corp., the owner and operator of the 81-store Strawberries record retailing chain centered in New England . . . Edmund H. Shea Jr. of Walnut, Calif., has boosted his stake in Monitek Technologies Inc., the Hayward, Calif.-based maker of industrial measuring instruments, to 8.9% from 6.4% . . . The Federal Reserve said the average yield for one-year T-bills, the most popular index for making changes in adjustable-rate mortgages, fell to 8.80% last week from last week's 8.86%.
BUSINESS
May 2, 1989
Marvel Productions, the Van Nuys animation studio that has produced Spider-Man and Muppet Babies cartoons, plans to move its offices to West Los Angeles in May. Marvel's departure will mark the second time this year a major cartoon factory has left the San Fernando Valley, for years the home of a large part of the animation industry. Earlier this year, Filmation in Woodland Hills closed after its parent company, Westinghouse's Group W Productions, sold the studio to a European group headed by British businessman Michael W. Stevens and backed by the French cosmetics giant L'Oreal.
BUSINESS
April 11, 1989 | AL DELUGACH, Times Staff Writer
New York entrepreneur Ronald O. Perelman stole a march on the competition Monday with the surprise announcement of a definitive agreement to buy New World Entertainment for $145 million. Six weeks earlier, the Los Angeles-based television production company had signed a tentative deal to sell out to Hollywood newcomer Giancarlo Parretti for $138 million. Andrews Group, a publicly traded company controlled by Perelman, is buying New World. Andrews' chief executive, William C. Bevins Jr., said in an interview that the move is part of a plan to become "a meaningful player in the entertainment and media businesses."
BUSINESS
March 11, 1997 | SALLIE HOFMEISTER
After less than six months on the job, Scott Sassa is expected to leave as chairman of Marvel Entertainment Group to take an expanded role at Ronald Perelman's holding company, MacAndrews & Forbes, according to Hollywood sources. Sassa took the helm of the troubled comic book company after leaving Turner Broadcasting System Inc. in a management shake-up last September. Within weeks, Marvel, which is 80%-controlled by Perelman, filed for bankruptcy protection.
BUSINESS
May 21, 1993 | From Times Staff and Wire Reports
Andrews Group Acquires 50% Stake in Genesis Entertainment: New York-based Andrews Group, acting through subsidiary Four Star International, has acquired a 50% stake in Agoura Hills-based Genesis Entertainment, the company that produces and distributes "The Whoopi Goldberg Show." The Andrews Group, controlled by investor Ronald O. Perelman, also owns stakes in Marvel Entertainment Group and New World Entertainment.
BUSINESS
June 6, 1989
Andrews Group Inc. has completed a successful tender offer to acquire the stock of New World Entertainment for about $145 million . . . Newbury Park-based LIVE Entertainment said it has completed its previously reported acquisition of the BeckZack Corp., the owner and operator of the 81-store Strawberries record retailing chain centered in New England . . . Edmund H. Shea Jr. of Walnut, Calif., has boosted his stake in Monitek Technologies Inc., the Hayward, Calif.-based maker of industrial measuring instruments, to 8.9% from 6.4% . . . The Federal Reserve said the average yield for one-year T-bills, the most popular index for making changes in adjustable-rate mortgages, fell to 8.80% last week from last week's 8.86%.
BUSINESS
May 2, 1989
Marvel Productions, the Van Nuys animation studio that has produced Spider-Man and Muppet Babies cartoons, plans to move its offices to West Los Angeles in May. Marvel's departure will mark the second time this year a major cartoon factory has left the San Fernando Valley, for years the home of a large part of the animation industry. Earlier this year, Filmation in Woodland Hills closed after its parent company, Westinghouse's Group W Productions, sold the studio to a European group headed by British businessman Michael W. Stevens and backed by the French cosmetics giant L'Oreal.
BUSINESS
April 11, 1989 | AL DELUGACH, Times Staff Writer
New York entrepreneur Ronald O. Perelman stole a march on the competition Monday with the surprise announcement of a definitive agreement to buy New World Entertainment for $145 million. Six weeks earlier, the Los Angeles-based television production company had signed a tentative deal to sell out to Hollywood newcomer Giancarlo Parretti for $138 million. Andrews Group, a publicly traded company controlled by Perelman, is buying New World. Andrews' chief executive, William C. Bevins Jr., said in an interview that the move is part of a plan to become "a meaningful player in the entertainment and media businesses."
BUSINESS
May 3, 1988
Andrews Group, formerly Compact Video in Burbank, reported Monday that it had completed the previously announced sale of several subsidiaries. Corporate raider Ronald Perelman, who owns 41% of Andrews through his investment company MacAndrews & Forbes, has been selling the assets of the diversified video concern to raise cash and to turn Andrews into a shell company for a major acquisition. Perelman's office said the sales announced Monday brought in $43 million in cash and $4.
ENTERTAINMENT
March 18, 1993 | GREG BRAXTON, TIMES STAFF WRITER
A former costume designer for ABC's "The Wonder Years" has filed a sexual harassment suit against the show's teen stars, Fred Savage and Jason Hervey, claiming they verbally and physically harassed her daily. Monique Long, 31, also charged in her Los Angeles Superior Court lawsuit that her complaints to producers and adult actors about the alleged harassment were unheeded. Spokespersons for the show and for Savage on Wednesday denied the accusations, which were filed a day earlier.
BUSINESS
October 24, 1996 | Times Staff and Wire Reports
Former Turner Exec to Head Marvel: Marvel Entertainment Group Inc., as expected, named Scott Sassa, formerly head of Turner Broadcasting System Inc.'s entertainment unit, its chairman and chief executive. Sassa also was named president and chief operating officer of Andrews Group Inc., the unit of MacAndrews & Forbes Holdings Inc. that owns 81% of Marvel.
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