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Qintex Entertainment

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BUSINESS
October 21, 1989 | NANCY RIVERA BROOKS, TIMES STAFF WRITER
Qintex Entertainment Inc., whose Australian affiliate's deal to buy MGM/UA Communications Co. collapsed nearly two weeks ago amid financing problems, has filed for bankruptcy law protection after it failed to make a debt payment, the company announced Friday. In addition, David Evans resigned as president, chief executive and a director, but he will remain as a consultant until a successor is appointed, Qintex said.
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BUSINESS
June 6, 1990 | ALAN CITRON, TIMES STAFF WRITER
In a deal that would effectively put it out of business if approved, Qintex Entertainment Inc., the bankrupt television production and distribution company, announced on Tuesday a plan to sell off assets worth more than $65 million in two separate transactions. Under the first deal, the company's entertainment holdings, including Hal Roach Studios Inc.
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BUSINESS
November 16, 1989 | GEORGE WHITE, TIMES STAFF WRITER
Qintex Entertainment Inc., a television production and distribution firm that recently filed for bankruptcy protection, said Wednesday that it expects to report a "substantial loss" for the fiscal year ended July 31 when it releases its fourth-quarter earnings within the next two weeks. The Beverly Hills-based firm, 43% owned by Qintex Australia Ltd., said the anticipated loss stems mainly from reductions in the value of some assets following its Oct. 19 filing under Chapter 11 of the U.S.
BUSINESS
June 5, 1990 | From Associated Press
Qintex Entertainment Inc., a television production and distribution firm, will sell its operating assets for more than $65 million in two transactions, it was announced today. Beverly Hills-based Qintex Entertainment said in a statement that its board of directors had agreed to sell its entertainment assets to RHI Entertainment for $42.4 million. RHI Entertainment will receive the Qintex library, accounts receivable, development projects and other assets under the deal.
BUSINESS
June 6, 1990 | ALAN CITRON, TIMES STAFF WRITER
In a deal that would effectively put it out of business if approved, Qintex Entertainment Inc., the bankrupt television production and distribution company, announced on Tuesday a plan to sell off assets worth more than $65 million in two separate transactions. Under the first deal, the company's entertainment holdings, including Hal Roach Studios Inc.
BUSINESS
October 20, 1989 | From Associated Press
Qintex Entertainment Inc., an affiliate of the Australian firm facing a $50-million breach-of-contract and fraud lawsuit in the wake of its failed attempt to buy MGM-UA Communications Co., filed for protection under Chapter 11 of the Federal Bankruptcy Code, the company announced today. The company also sought Chapter 11 protection Thursday for two of its subsidiaries, Hal Roach Studios Inc. and Qintex Productions Inc., the company announced in a statement released this morning.
BUSINESS
June 5, 1990 | From Associated Press
Qintex Entertainment Inc., a television production and distribution firm, will sell its operating assets for more than $65 million in two transactions, it was announced today. Beverly Hills-based Qintex Entertainment said in a statement that its board of directors had agreed to sell its entertainment assets to RHI Entertainment for $42.4 million. RHI Entertainment will receive the Qintex library, accounts receivable, development projects and other assets under the deal.
BUSINESS
May 30, 1989 | From Times wire services
Qintex Entertainment Inc. said today it named David Evans president and chief executive officer of United Artists Corp. Qintex said the appointment is effective immediately and will be formalized after the completion this summer of its acquisition of United Artists. Qintex agreed on March 31 to acquire United Artists for about $1 billion. Evans was previously president and CEO of Qintex.
BUSINESS
November 21, 1989 | From Times Staff and Wire Reports
Qintex Australia Ltd., the media and property empire built by entrepreneur Christopher Skase, went into receivership Tuesday in an effort to ward off complete liquidation. The cash-starved company, which has been in a downward spiral since its proposed buyout of the MGM/UA movie studio collapsed in October, asked an Australian court to place it in receivership to prevent the group's foreign and Australian banks from breaking up the company.
BUSINESS
November 16, 1989 | GEORGE WHITE, TIMES STAFF WRITER
Qintex Entertainment Inc., a television production and distribution firm that recently filed for bankruptcy protection, said Wednesday that it expects to report a "substantial loss" for the fiscal year ended July 31 when it releases its fourth-quarter earnings within the next two weeks. The Beverly Hills-based firm, 43% owned by Qintex Australia Ltd., said the anticipated loss stems mainly from reductions in the value of some assets following its Oct. 19 filing under Chapter 11 of the U.S.
BUSINESS
October 27, 1989 | From Reuters
Australian television magnate Christopher C. Skase, under pressure from banks and regulators after the failure of his takeover bid for Hollywood's MGM/UA studio, declared that his Qintex Australia company is still solvent. Skase, Qintex chairman, has spent much of the past two days huddled with his bankers after announcing that the company had run into a $150-million ($200 million Australian) drop in cash flow.
BUSINESS
October 24, 1989 | KATHRYN HARRIS, MICHAEL FLAGG,TIMES STAFF WRITERS
The drama mounted for the Australian Qintex group Monday with the announcement that the firm--which failed two weeks ago to make good on its $1.5-billion bid for MGM/UA Communications--now intends to sell off $600 million (Australian) in assets to reduce a crushing debt burden. The Australian dollar was listed at 77 cents on currency exchanges Wednesday.
BUSINESS
April 17, 1989 | From Times wire services
Australia-owned Qintex Entertainment Inc. announced today that its board of directors unanimously approved the $1-billion acquisition of MGM-UA Communications Co. The deal, in essence, will split the present MGM-UA company, and leave majority shareholder Kirk Kerkorian in control of the MGM portion of the business. The renamed United Artists Corp. would be the first big American motion picture studio to pass into foreign hands. Australian-turned-U.S. citizen Rupert Murdoch owns 20th Century Fox Film Corp.
BUSINESS
October 27, 1989 | From Reuters
Australian television magnate Christopher C. Skase, under pressure from banks and regulators after the failure of his takeover bid for Hollywood's MGM/UA studio, declared that his Qintex Australia company is still solvent. Skase, Qintex chairman, has spent much of the past two days huddled with his bankers after announcing that the company had run into a $150-million ($200 million Australian) drop in cash flow.
BUSINESS
October 21, 1989 | NANCY RIVERA BROOKS, TIMES STAFF WRITER
Qintex Entertainment Inc., whose Australian affiliate's deal to buy MGM/UA Communications Co. collapsed nearly two weeks ago amid financing problems, has filed for bankruptcy law protection after it failed to make a debt payment, the company announced Friday. In addition, David Evans resigned as president, chief executive and a director, but he will remain as a consultant until a successor is appointed, Qintex said.
BUSINESS
October 20, 1989 | From Associated Press
Qintex Entertainment Inc., an affiliate of the Australian firm facing a $50-million breach-of-contract and fraud lawsuit in the wake of its failed attempt to buy MGM-UA Communications Co., filed for protection under Chapter 11 of the Federal Bankruptcy Code, the company announced today. The company also sought Chapter 11 protection Thursday for two of its subsidiaries, Hal Roach Studios Inc. and Qintex Productions Inc., the company announced in a statement released this morning.
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