Valencia Entertainment International

SBI Communications Inc. of Glendale said it has agreed to acquire Valencia Entertainment International of Valencia for $35 million. The new company will be known as Valcom Inc.

Valencia Entertainment/SBI Communications Inc. has purchased Half-Day Video Inc. of Burbank for $1.3 million in cash and stock. The acquisition also will give Valencia 30 acres of land on both coasts and over 250,000 square feet of commercial buildings, including 10 film and television production sound stages. Valencia Entertainment is a conglomerate that includes television production for network and syndicate, motion pictures, sports, Internet and real estate holdings.

Employees in Santa Clarita's growing movie industry are holding a family-style picnic May 15 to raise money for an effort to keep productions in Southern California. The Santa Clarita Valley is home to several productions, including "Power Rangers" and "Melrose Place." But recently entertainment jobs have been disappearing from the Santa Clarita Valley as more movies and TV shows are produced in cheaper markets such as Canada.

SBI Communications Inc. / Valencia Entertainment in Valencia has signed a letter of intent to buy all outstanding shares of Half-Day Video Inc. Half-Day Video in Burbank rents television and film equipment to the entertainment industry. The company owns 30 acres of land and 250,000 square feet of commercial buildings, including 10 production sound stages. Valencia Entertainment is an entertainment company that includes television and motion picture production. Its clients include Warner Bros.

Valencia Entertainment/SBI Communications Inc. has purchased Half-Day Video Inc. of Burbank for $1.3 million in cash and stock. The acquisition also will give Valencia 30 acres of land on both coasts and over 250,000 square feet of commercial buildings, including 10 film and television production sound stages. Valencia Entertainment is a conglomerate that includes television production for network and syndicate, motion pictures, sports, Internet and real estate holdings.

SBI Communications Inc. / Valencia Entertainment in Valencia has signed a letter of intent to buy all outstanding shares of Half-Day Video Inc. Half-Day Video in Burbank rents television and film equipment to the entertainment industry. The company owns 30 acres of land and 250,000 square feet of commercial buildings, including 10 production sound stages. Valencia Entertainment is an entertainment company that includes television and motion picture production. Its clients include Warner Bros.

SBI Communications of Glendale said it has signed a letter of intent to acquire Valencia Entertainment International, an entertainment conglomerate with holdings in television production, motion pictures, sports, the Internet and real estate. SBI Communications is a marketing, Internet media, and entertainment company focused on building, operating and managing business-to-business companies.

* Xerox Special Information Systems, a unit of Xerox Corp., signed a 15-year lease for a 137,500-square-foot build-to-suit headquarters in Huntington Crossing, a commercial and entertainment area in Monrovia. Financial terms of the deal were not released, but it would total about $30 million at prevailing market rates. Christopher K. Cooper of Jones Lang LaSalle represented the Xerox unit. Samuelson & Fetter of Monrovia, developer and owner of the new headquarters, represented itself.

SBI Communications Inc. of Glendale said it has agreed to acquire Valencia Entertainment International of Valencia for $35 million. The new company will be known as Valcom Inc.

Employees in Santa Clarita's growing movie industry are holding a family-style picnic May 15 to raise money for an effort to keep productions in Southern California. The Santa Clarita Valley is home to several productions, including "Power Rangers" and "Melrose Place." But recently entertainment jobs have been disappearing from the Santa Clarita Valley as more movies and TV shows are produced in cheaper markets such as Canada.