Prism Entertainment Corp

Atlantic Entertainment Group, the largest private independent film and television company in the United States, said Friday that it agreed to merge with Prism Entertainment Corp., a publicly owned video distributor. The merger will create a full-service entertainment company with $70 million in annual revenue. Spokesmen for the companies at their Los Angeles headquarters would not give details of the deal.

Market trends: Microsoft Corp. was the volume leader in Monday's trading. Prism Entertainment Corp. announced a net loss of $593,000 on sales of $8.9 million for the six-month period ended July 13, compared to a profit of $377,000 on sales of $8.8 million for the same period last year.

Market trends: Microsoft Corp. was the volume leader in Monday's trading. Prism Entertainment Corp. announced a net loss of $593,000 on sales of $8.9 million for the six-month period ended July 13, compared to a profit of $377,000 on sales of $8.8 million for the same period last year.

Costner Sues Video Firm: Actor Kevin Costner and Universal Pictures Inc. filed suit in U.S. District Court in Los Angeles on Monday charging a video firm with trying to profit from "Field of Dreams," a hit movie in which Costner starred. The suit said Prism Entertainment Corp. is distributing videocassettes of a 1985 film, "Chasing Dreams" in which Costner played a minor role, by linking it with "Field of Dreams."

Costner Sues Video Firm: Actor Kevin Costner and Universal Pictures Inc. filed suit in U.S. District Court in Los Angeles on Monday charging a video firm with trying to profit from "Field of Dreams," a hit movie in which Costner starred. The suit said Prism Entertainment Corp. is distributing videocassettes of a 1985 film, "Chasing Dreams" in which Costner played a minor role, by linking it with "Field of Dreams."

Richard Lorber, president of Fox/Lorber Associates Inc., was elected a director of Prism Entertainment Corp. of Los Angeles. Prism acquired Fox/Lorber, which sells television syndication rights, in 1986.

Costner Sues Video Firm: Actor Kevin Costner and Universal Pictures Inc. filed a lawsuit Monday accusing a video firm of trying to profit from the hit movie "Field of Dreams" by marketing a film in which Costner played a minor role. Filed in U.S. District Court in Los Angeles, the suit states that Prism Entertainment Corp. has distributed a 1985 film, "Chasing Dreams," in which Costner played an "extremely minor role."

Atlantic Entertainment Group, the largest private independent film and television company in the United States, said Friday that it agreed to merge with Prism Entertainment Corp., a publicly owned video distributor. The merger will create a full-service entertainment company with $70 million in annual revenue. Spokesmen for the companies at their Los Angeles headquarters would not give details of the deal.

Actor Kevin Costner and Universal Pictures Inc. are suing a video company, saying it is trying to profit from the hit movie "Field of Dreams" by marketing a film in which Costner played a minor role. The U.S. District Court lawsuit says Prism Entertainment Corp. has distributed a 1985 film, "Chasing Dreams," in which Costner played an "extremely minor role." The videocassette cover prominently displays Costner's picture and name, according to the lawsuit filed Monday.