Record Industry Contracts

PolyGram Buys 30% of Really Useful Entertainment: Dutch record company PolyGram NV said it bought a 30% stake in Really Useful Holdings, the entertainment firm founded by theatrical producer Andrew Lloyd Webber, composer of the stage hit "Phantom of the Opera." The deal, worth up to $157 million, includes an option for PolyGram to take a majority stake in Really Useful in 2003, the record firm said. London-based PolyGram said it had invested $115.

PolyGram Buys 30% of Really Useful Entertainment: Dutch record company PolyGram NV said it bought a 30% stake in Really Useful Holdings, the entertainment firm founded by theatrical producer Andrew Lloyd Webber, composer of the stage hit "Phantom of the Opera." The deal, worth up to $157 million, includes an option for PolyGram to take a majority stake in Really Useful in 2003, the record firm said. London-based PolyGram said it had invested $115.

The San Fernando Valley will be the place this spring to learn the business of "The Biz," as UCLA Extension offers its largest selection ever of entertainment industry classes at its Universal CityWalk location. Extension classes in a wide range of academic disciplines are available at CityWalk, program manager Charles S. Swartz said. Because of the huge demand for entertainment industry classes, they now make up more than half of the total.