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BUSINESS
August 24, 1991 | From Times Staff and Wire Reports
Sony Acquires Video Company: Sony Pictures Entertainment has become sole owner of the former RCA-Columbia Home Video company after buying RCA's 50% stake. The two companies declined to discuss financial terms, but sources put the value of the buyout at about $350 million. The deal ends litigation between the two companies. Sony will rename the video operation Columbia TriStar Home Video.
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BUSINESS
August 24, 1991 | From Times Staff and Wire Reports
Sony Acquires Video Company: Sony Pictures Entertainment has become sole owner of the former RCA-Columbia Home Video company after buying RCA's 50% stake. The two companies declined to discuss financial terms, but sources put the value of the buyout at about $350 million. The deal ends litigation between the two companies. Sony will rename the video operation Columbia TriStar Home Video.
BUSINESS
May 30, 1991 | From Staff and Wire Reports
NBC has agreed to sell its 50% stake in the RCA-Columbia Home Video distribution venture to partner Columbia Pictures Entertainment Inc., the companies said Wednesday. Terms of the deal were not disclosed and several unspecified conditions must be met before completion, the companies said. But one executive familiar with the deal said the sale price was "slightly in excess of $350 million." Spokesman for both companies declined to elaborate on a terse two-paragraph announcement of the deal.
BUSINESS
May 30, 1991 | From Staff and Wire Reports
NBC has agreed to sell its 50% stake in the RCA-Columbia Home Video distribution venture to partner Columbia Pictures Entertainment Inc., the companies said Wednesday. Terms of the deal were not disclosed and several unspecified conditions must be met before completion, the companies said. But one executive familiar with the deal said the sale price was "slightly in excess of $350 million." Spokesman for both companies declined to elaborate on a terse two-paragraph announcement of the deal.
BUSINESS
June 28, 1989
Gary Khammar, executive vice president, and Richard Pinson, vice president-sales and marketing, have resigned their positions at RCA/Columbia Pictures Home Video, Burbank.
NEWS
April 7, 1991 | SUSAN KING
Several of Sidney Poitier's films are available on video. Here are 10 of his best: Poitier had been appearing in movies for four years when writer-director Richard Brooks cast him in 1955's "The Blackboard Jungle" (MGM/UA Home Video). Though 27 at the time, Poitier is believable as a troubled 17-year-old student befriended by an understanding English teacher (Glenn Ford) at a tough New York City high school. The soundtrack features Bill Haley and the Comets' "Rock Around the Clock."
ENTERTAINMENT
March 8, 1985 | RICHARD CROMELIN
Recent releases have taken over the No. 1 spots on both the sales and rental divisions of Billboard magazine's list of the nation's most popular videocassettes. "The Woman in Red" replaces "All of Me" as the top rental item, while "Star Trek III" dislodges "Purple Rain" as the best seller. BITS: Grammy winners Tina Turner and Lionel Richie both enter the Top 10 sales with their new music videocassettes. . . . All three "Star Trek" features are in the Sales Top 10. . . .
BUSINESS
January 27, 1989 | AL DELUGACH
Robert Blattner, president of RCA/Columbia Pictures Home Video since 1983, has been named president of MCA Inc.'s home video division. He replaces Eugene F. Giaquinto, who was placed on a leave of absence last month following news reports that the FBI suspects him of funneling company money to a reputed East Coast Mafia boss. The company's announcement Thursday did not mention Giaquinto. Harold M.
BUSINESS
August 10, 1993
Getting the Business: Peter H. Schlessel has been promoted to vice president of business affairs for Columbia TriStar Home Video. Schlessel, who had been executive director, will continue to negotiate worldwide acquisition and distribution rights for Columbia TriStar, as well as feature film rights for Triumph Releasing Corp. In his new position, Schlessel will also analyze and structure acquisition agreements for non-theatrical acquisitions.
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