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Lawrence L Kuppin

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BUSINESS
March 6, 1988 | KATHRYN HARRIS, Times Staff Writer
New World Entertainment had a close shave last fall when it lost a $508-million bid for Kenner Parker Toys. The acquisition would have added extraordinary debt for the brash Los Angeles company on the eve of the October stock market crash, creating a nightmare befitting some of New World's B-movie titles: "Deadly Harvest," "Uphill All the Way," "Cut and Run" and "Beyond Therapy."
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BUSINESS
March 6, 1988 | KATHRYN HARRIS, Times Staff Writer
New World Entertainment had a close shave last fall when it lost a $508-million bid for Kenner Parker Toys. The acquisition would have added extraordinary debt for the brash Los Angeles company on the eve of the October stock market crash, creating a nightmare befitting some of New World's B-movie titles: "Deadly Harvest," "Uphill All the Way," "Cut and Run" and "Beyond Therapy."
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BUSINESS
August 28, 1985
The Los Angeles-based film company best known for low-budget movies filed a registration statement with the Securities and Exchange Commission in preparation for an initial public offering of 1.5 million shares, expected to sell at $8 to $10 each, and $50 million in subordinated notes. The offer will include 1.2 million shares owned by the company and 289,000 shares owned by officers and directors. The sale, expected next month, will leave the company's co-chairmen--Harry E.
BUSINESS
March 10, 1988 | KATHRYN HARRIS, Times Staff Writer
New World Entertainment, which expects to post a loss for 1987, said Wednesday that it has retained a financial adviser to help evaluate alternatives to the company's $285 million in bonds--including the possibility of an exchange offer. The company did not elaborate on its statement, but such an offer might include exchanging the company's current bonds for a new issue of debt securities, thereby gaining a breather on interest payments for some period.
BUSINESS
November 21, 1986 | BRUCE KEPPEL, Times Staff Writer
New World Pictures--a maker and distributor of low-budget but high-profit films ranging from "Godzilla 1985" to the current "Soul Man"--agreed Thursday to buy Marvel Entertainment Group in a move that will extend the Los Angeles-based firm into comics publishing and TV animation. Terms of the acquisition from Cadence Industries Corp., a holding company rapidly liquidating its assets, were undisclosed, but the price was understood to be between $40 million and $50 million.
BUSINESS
May 9, 1988 | KATHRYN HARRIS, Times Staff Writer
A Los Angeles investment firm said it has offered to pay $75 million to $90 million to financially ailing New World Entertainment for its Marvel Entertainment subsidiary, the publisher of Marvel Comics and producer of TV animation shows. The offer comes from Monza Capital Corp., a tiny firm formed last year to make investments and acquisitions, according to Lawrence D. Deneault Jr., Monza's interim chief financial officer.
BUSINESS
July 8, 1988 | JESUS SANCHEZ, Times Staff Writer
In a surprise move, cash-strapped New World Entertainment on Thursday said it had put its Marvel Entertainment Group--publisher of Marvel comic books--up for sale. The company also said it was expecting a pretax loss of $25 million during the second quarter. In a news release, Los Angeles-based New World attributed its anticipated second-quarter loss to the poor showing of recently released films, including "18 Again," "Dead Heat" and "Wrong Guys."
BUSINESS
August 15, 1987 | KEITH BRADSHER, Times Staff Writer
New World Entertainment, which is trying to acquire Kenner Parker Toys for $447 million, Friday announced its first quarterly loss since becoming a public company two years ago. The Los Angeles-based movie and television production company and comic book publisher posted a second-quarter loss of $3.6 million, versus a profit of $2 million in the second quarter of 1986. But New World's sales, boosted by a spree of acquisitions late last year and rising television production revenue, totaled $87.
BUSINESS
July 18, 1987 | DENISE GELLENE, Times Staff Writer
New World Pictures, the low-budget Los Angeles movie producer that owns Marvel Comics, on Friday offered $475 million for Kenner Parker Toys. New World, maker of such cheap thrillers as "Godzilla 1985" and "Reform School Girls," has amassed more than 8% of the toy company's shares in recent weeks at prices significantly below Friday's $41-a-share bid.
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."
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