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BUSINESS
March 23, 1993
Ventura Entertainment Group said it completed the acquisition of Entertainment Marketing Corp. of America on Monday in exchange for shares of its Series A preferred stock. The Beverly Hills-based company is the parent of Burbank-based Harmony Holdings Inc., a television commercial production company.
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BUSINESS
January 14, 1992
A New York-based investment partnership has acquired a 7.3% stake in Ventura Entertainment Group Ltd., a struggling North Hollywood television production company. Network Partners L.P., whose general partner is Equimax Resources Inc., said in a recent U. S. Securities and Exchange Commission filing that it purchased 675,000 shares of Ventura Entertainment's common stock. Alvin Abrams, the principal shareholder of Equimax, owns an additional 402,000 shares, or 4% of the total outstanding.
BUSINESS
December 26, 1989
Ventura Entertainment Group Ltd. in North Hollywood agreed to acquire Harmony Pictures Inc. for an undisclosed amount of cash and stock. Ventura develops and produces movies and television shows. Harmony makes TV commercials. The co-founders of Harmony, Stuart Gross and Robert Lieberman, will continue to operate Harmony and join Ventura's board after the deal is completed, which is expected in February, Ventura said.
BUSINESS
June 19, 1990
A New York investor raised his stake in Ventura Entertainment Group Ltd., a North Hollywood-based producer of movies and television shows, to 5.2% of Ventura's stock. Fred Tarter, a New York animation producer with Rainbow Group Ltd., said in a filing with the U. S. Securities and Exchange Commission that he bought an additional 150,000 shares of Ventura Entertainment on March 31 for an undisclosed sum. He now owns 180,000 shares.
BUSINESS
February 12, 1991 | JOHN MEDEARIS, TIMES STAFF WRITER
Fraud, conspiracy, stock manipulation. Last November, Ventura Entertainment Group, a fledgling movie and television company in North Hollywood, announced publicly that it had made all of those allegations in a lawsuit it filed against two investment firms and a stock market newsletter that didn't like Ventura's financial prospects. The suit charged that the defendants had manipulated Ventura Entertainment Group's stock, trying to push it down because they were allegedly short selling the shares.
BUSINESS
November 13, 1990
Ventura Entertainment Group Ltd., a North Hollywood television and movie producer, said it reduced the exercise price of its class B warrants from $16 to $2 for a period of 23 days to end Nov. 30. This effectively entitles the holder to purchase two shares of common stock for $2. Ventura Entertainment has struggled recently, losing $2.60 million on revenues of $3.08 million in the eight months that ended June 30. Separately, a group led by Networth Partners L.P.
BUSINESS
June 18, 1991 | JOHN MEDEARIS, TIMES STAFF WRITER
Ventura Entertainment Group's common stock briefly plunged last week on the news that a securities firm that has performed investment banking services for the company is being investigated by the Securities and Exchange Commission. Ventura Entertainment's shares fell $1.125 to $1.375 bid on June 10, after it was learned that the SEC was investigating Stratton Oakmont Inc., which is based in Lake Success, N.Y. By Monday, however, Ventura Entertainment's shares had rebounded to $2.375 bid.
BUSINESS
February 12, 1991 | JOHN MEDEARIS, TIMES STAFF WRITER
Fraud, conspiracy, stock manipulation. Last November, Ventura Entertainment Group, a fledgling movie and television company in North Hollywood, announced publicly that it had made all of those allegations in a lawsuit it filed against two investment firms and a stock market newsletter that didn't like Ventura's financial prospects. The suit charged that the defendants had manipulated Ventura Entertainment Group's stock, trying to push it down because they were allegedly short selling the shares.
BUSINESS
November 28, 1990 | JAMES F. PELTZ, TIMES STAFF WRITER
The chairman of the Newport Beach brokerage Cruttenden & Co. dismissed as "groundless" Tuesday allegations in a lawsuit filed by a North Hollywood entertainment company that charges Cruttenden and several other securities firms with conspiracy and fraud in the short selling of Ventura's stock. Ventura Entertainment Group Ltd., a fledgling North Hollywood movie and television company, has sued two brokerages, including Cruttenden & Co.
BUSINESS
November 13, 1990
Ventura Entertainment Group Ltd., a North Hollywood television and movie producer, said it reduced the exercise price of its class B warrants from $16 to $2 for a period of 23 days to end Nov. 30. This effectively entitles the holder to purchase two shares of common stock for $2. Ventura Entertainment has struggled recently, losing $2.60 million on revenues of $3.08 million in the eight months that ended June 30. Separately, a group led by Networth Partners L.P.
BUSINESS
March 23, 1993
Ventura Entertainment Group said it completed the acquisition of Entertainment Marketing Corp. of America on Monday in exchange for shares of its Series A preferred stock. The Beverly Hills-based company is the parent of Burbank-based Harmony Holdings Inc., a television commercial production company.
BUSINESS
January 14, 1992
A New York-based investment partnership has acquired a 7.3% stake in Ventura Entertainment Group Ltd., a struggling North Hollywood television production company. Network Partners L.P., whose general partner is Equimax Resources Inc., said in a recent U. S. Securities and Exchange Commission filing that it purchased 675,000 shares of Ventura Entertainment's common stock. Alvin Abrams, the principal shareholder of Equimax, owns an additional 402,000 shares, or 4% of the total outstanding.
BUSINESS
June 19, 1990
A New York investor raised his stake in Ventura Entertainment Group Ltd., a North Hollywood-based producer of movies and television shows, to 5.2% of Ventura's stock. Fred Tarter, a New York animation producer with Rainbow Group Ltd., said in a filing with the U. S. Securities and Exchange Commission that he bought an additional 150,000 shares of Ventura Entertainment on March 31 for an undisclosed sum. He now owns 180,000 shares.
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