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Ventura Entertainment Group Ltd

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BUSINESS
May 26, 1992
Ventura Entertainment Group Ltd. of Burbank reported earnings of $1.1 million for its fiscal third quarter ended March 31, up sharply from the $202,456 it earned a year earlier. Revenue for the quarter jumped 170%, to $9.2 million from $3.4 million a year ago.
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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
August 11, 1992
Ventura Entertainment Group Ltd., a Burbank film and television production company, said it terminated its independent auditor Coopers & Lybrand because it didn't believe the accounting firm provided it with "sufficient and timely advice." Ventura Entertainment said it disagreed with auditors over the calculation of a gain in a recent transaction, and it intends to review the method used by Coopers & Lybrand when it hires a new auditing firm.
BUSINESS
August 11, 1992
Ventura Entertainment Group Ltd., a Burbank film and television production company, said it terminated its independent auditor Coopers & Lybrand because it didn't believe the accounting firm provided it with "sufficient and timely advice." Ventura Entertainment said it disagreed with auditors over the calculation of a gain in a recent transaction, and it intends to review the method used by Coopers & Lybrand when it hires a new auditing firm.
BUSINESS
May 14, 1991
Ventura Entertainment Group Ltd., a North Hollywood-based producer of television programming, reported a $202,456 profit in its fiscal third quarter, compared with a year-earlier loss of $961,216. The earnings rebound came on a surge in Ventura Entertainment's revenue, to $3.41 million in the quarter ended March 31 from $1.36 million a year earlier. The company said the gains reflected its production of three TV series, including "Hollywood Detective."
BUSINESS
February 25, 1992
Ventura Entertainment Group Ltd., a Burbank producer of commercials and other television programming, said it earned $889,586 in the fiscal second quarter, contrasted with a year-earlier loss of $2.8 million. Revenues jumped 86% to $3.4 million from $1.85 million. For the six months ended Dec. 31, Ventura Entertainment earned $356,712, contrasted with a $3.7-million loss a year earlier. Six-month revenues dipped 6% to $8.5 million from $9 million.
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
March 24, 1992
The stocks of Ventura Entertainment Group Ltd. and its Producers Entertainment Group Ltd. unit are among those involved in a fraud case brought against a New York stock brokerage firm by the federal Securities and Exchange Commission. The SEC recently accused the firm, Stratton Oakmont Inc.
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
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
May 26, 1992
Ventura Entertainment Group Ltd. of Burbank reported earnings of $1.1 million for its fiscal third quarter ended March 31, up sharply from the $202,456 it earned a year earlier. Revenue for the quarter jumped 170%, to $9.2 million from $3.4 million a year ago.
BUSINESS
March 24, 1992
The stocks of Ventura Entertainment Group Ltd. and its Producers Entertainment Group Ltd. unit are among those involved in a fraud case brought against a New York stock brokerage firm by the federal Securities and Exchange Commission. The SEC recently accused the firm, Stratton Oakmont Inc.
BUSINESS
February 25, 1992
Ventura Entertainment Group Ltd., a Burbank producer of commercials and other television programming, said it earned $889,586 in the fiscal second quarter, contrasted with a year-earlier loss of $2.8 million. Revenues jumped 86% to $3.4 million from $1.85 million. For the six months ended Dec. 31, Ventura Entertainment earned $356,712, contrasted with a $3.7-million loss a year earlier. Six-month revenues dipped 6% to $8.5 million from $9 million.
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 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
May 14, 1991
Ventura Entertainment Group Ltd., a North Hollywood-based producer of television programming, reported a $202,456 profit in its fiscal third quarter, compared with a year-earlier loss of $961,216. The earnings rebound came on a surge in Ventura Entertainment's revenue, to $3.41 million in the quarter ended March 31 from $1.36 million a year earlier. The company said the gains reflected its production of three TV series, including "Hollywood Detective."
BUSINESS
October 30, 1990
Ventura Entertainment Group Ltd., a North Hollywood television and film producer, said it promoted Paul R. Wissman to senior vice president-corporate development, from vice president-finance.
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