BUSINESS
January 3, 1997 | Times Staff and Wire Reports
Todd-AO Corp. of Los Angeles reached an agreement in principle to acquire International Video Conversions, a Burbank-based provider of videotape services, for undisclosed terms. Todd-AO said International Video Conversions specializes in duplication and conversions, including high-definition television, or HDTV. Substantially all International Video Conversions stock is owned by its chairman and chief executive, Ken Holland, who will enter into an employment contract with Todd-AO.