April 4, 1989 |
Christopher Skase is no Rupert Murdoch--not in background and certainly not in name recognition. But with his deal last Friday to buy most of the assets of MGM/UA Communications, Skase is preparing to follow in the famous media baron's tracks to become the second Australian to take over a major Hollywood movie studio. The 40-year-old Skase is the majority shareholder of Brisbane-based Qintex Group, which boasts $2 billion of assets in resorts and television broadcasting and programming.
April 1, 1989 |
The United Artists movie studio, maker of Oscar-winning "Rain Man," will be sold to an Australian entertainment company for $1 billion under an agreement announced late Friday. The deal would give Qintex Group, one of the makers of the recent CBS miniseries "Lonesome Dove," most of the assets of MGM-UA Communications Co., including rights to "Rain Man."
March 6, 1989 |
Mitsui & Co. and Nippon Shinpan Co. have agreed to invest $350 million in three resorts owned by Qintex Australia Ltd.--one in Hawaii and two in Australia--establishing a relationship that could extend into Southern California or other areas of the Pacific basin, Qintex said Friday. Each firm will invest $175 million, and each will get 24.5% of the equity in the three existing Mirage resorts. Qintex, based in Brisbane, Australia, retains 51% ownership of the resorts.
February 23, 1989 |
A sage once said that success has many fathers, while failure is an orphan. Qintex Entertainment is one of several proud fathers of the smash television miniseries "Lonesome Dove." David Evans, chief executive of the Australian-controlled independent production firm in Beverly Hills, said Wednesday that the Old West drama has "really put us on the map" with the TV industry in Europe, as well as in this country.
January 12, 1987
Qintex America Ltd., a unit of Qintex Ltd. of Australia, said it has agreed to buy 900,000 shares from International HRS Industries, with the option to purchase up to an additional 2 million shares for 12 months following the deal, representing HRS's entire stake. Last week, Hal Roach Studios agreed to issue 4.8 million shares to Qintex during the next 12 months for a total of $34 million. If both transactions are completed, Qintex will own more than 50% of the studio's common shares.