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September 6, 1990 | ALAN CITRON, TIMES STAFF WRITER
Financially strapped Management Co. Entertainment Group has been ordered by a Texas court to pay $113 million to the makers of the science fiction film "Communion." The judgment was made in a San Antonio court late Wednesday. MCEG subsidiary Virgin Vision Ltd., which distributed the 1989 film, was found guilty of breach of contract and fraud against Pheasantry Films and Bancannia Film Distribution Party Ltd. District Court Judge Michael Peden ruled that the producers are owed $1.
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BUSINESS
September 6, 1990 | ALAN CITRON, TIMES STAFF WRITER
Financially strapped Management Co. Entertainment Group has been ordered by a Texas court to pay $113 million to the makers of the science fiction film "Communion." The judgment was made in a San Antonio court late Wednesday. MCEG subsidiary Virgin Vision Ltd., which distributed the 1989 film, was found guilty of breach of contract and fraud against Pheasantry Films and Bancannia Film Distribution Party Ltd. District Court Judge Michael Peden ruled that the producers are owed $1.
ENTERTAINMENT
November 9, 1986 | Matthew J. Costello
"Aria," that highbrow co-production between RCA Video Productions and Virgin Vision Ltd. ("Carmen," "Absolute Beginners"), moves to Vegas this weekend as Franc Roddam directs "Liebestod," an aria from Wagner's "Tristan und Isolde." The unusual project has been filming since July in locations ranging from Paris to Czechoslovakia, with directors such as Robert Altman, Bruce Beresford, Nicolas Roeg and Jean-Luc Godard interpreting 10 classic arias by Verdi, Puccini and others.
BUSINESS
September 15, 1990 | ALAN CITRON, TIMES STAFF WRITER
In an expected move, Jonathan D. Krane resigned Friday as chairman and chief executive of the financially troubled Management Co. Entertainment Group. Krane's departure comes as MCEG is fighting off involuntary bankruptcy proceedings. The firm is also in default on more than $100 million in debt owed to creditors. Raymond H. Godfrey Jr., the company's president and chief operating officer, was named as Krane's temporary replacement.
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