Mill Film acquires Magic Camera

Article Abstract:

Mill Film has purchased Shepperton, UK-based Magic Camera Company, one of its competitors in the film effects industry, for an unspecified amount. Magic Camera, which is composed of two entities, the Magic Camera Company and The Magic Model Company, approved of the sale to Mill Film partly because of the prospect of becoming part of a larger facility. Magic Camera, whose projects include the forthcoming movie of Miramax, Shakespeare in Love, will continue to be headed by the company's founding partners, Anthony Hunt, Jose Granell and Roger Lofting.

Comment:

Buys Shepperton, UK-based Magic Camera Co, one of its competitors in the film effects industry, for an unspecified amount

Acquisitions & mergers, Magic Camera Co., Mill Facility Ltd.

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Rank mulls Deluxe sale as profits dip

Article Abstract:

Rank may sell its Deluxe Entertainment Services, a video duplication-to-studios division, after the latter posted a 17% profit decline. Rank, which also received the resignation of its CEO Andrew Teare in the week before the week including November 6, 1998, if sold with Denham Film Laboratories and Rank's video duplication services in the US and the UK could be worth up to 1 billion pound sterling. Speculations include that the management or Rank's former head of leisure division John Garrett could offer to buy the group.

Comment:

May sell its Deluxe Entertainment Services, a video duplication-to-studios div, after the latter posted a 17% profit decline

Video Tape Duplicating, Rank, Videotape duplication

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MacKenzie to take Talk in August

Article Abstract:

A consortium led by Kevin MacKenzie is nearing the conclusion of its negotiations for the ownership of CLT's Talk Radio station beginning August 1998. CLT is expected to accept the 25 million pounds sterling bid by MacKenzie's group for its 62.3% in the station, though the amount is less than the asking price of 37 million pounds sterling. A source said MacKenzie's camp, which is comprised of Talk shareholder MVI and News International, will enter exclusivity discussions and due diligence by mid-July 1998.

Comment:

Is expected to accept the 25 million pounds sterling bid by MacKenzie's group for its 62.3% in the Talk Radio station

Radio Stations, CLT

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