Live Entertainment to Sell Interest in German Firm
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Live Entertainment Inc., a Van Nuys-based videocassette distributor, has agreed to sell its majority interest in a German home video distributor.
Live said it will sell its 81% interest in VCL/Carolco Communications GmbH to Datty Ruth, the manager and owner of the other 19% of VCL. After the transaction, VCL will revert back to its original name, VCL Communications.
Terms of the deal were not disclosed. Live said it would continue to do business with VCL through its international licensing division.
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