Financial Briefs

Blockbuster Entertainment Corp. has completed its previously reported acquisition of Sound Warehouse and Music Plus, units of Shamrock Holdings of California Inc. Blockbuster said that in connection with the purchases it issued 4,142,051 common shares for the equity interests in the acquired businesses and paid about $ 119 million to retire certain outstanding long-term indebtedness of these businesses.

Turner Broadcasting System Inc. declared a regular quarterly cash dividend of $ 0.0125 for its class A and class B common shares, payable Dec. 17 to shareholders of record Dec. 1.

The company also said its class C convertible preferred shareholders will be entitled to an equivalent cash dividend of $ 0.075, based on the number of class B common shares receivable upon conversion.

Harmony Holdings Inc. said it has filed with the SEC to cut the exercise price of its publicly traded warrants from $ 4 to $ 3 for a 60-day period. Harmony said the period would begin on the effective date of the registration statement.

More Biz

  • Los Angeles Women's March

    Natalie Portman, Allison Janney, Viola Davis Join Women's March Los Angeles Lineup

    Blockbuster Entertainment Corp. has completed its previously reported acquisition of Sound Warehouse and Music Plus, units of Shamrock Holdings of California Inc. Blockbuster said that in connection with the purchases it issued 4,142,051 common shares for the equity interests in the acquired businesses and paid about $ 119 million to retire certain outstanding long-term indebtedness […]

  • Leron GublerRalph Lawler receives a Star

    Hollywood Chamber of Commerce President Announces Retirement

    Blockbuster Entertainment Corp. has completed its previously reported acquisition of Sound Warehouse and Music Plus, units of Shamrock Holdings of California Inc. Blockbuster said that in connection with the purchases it issued 4,142,051 common shares for the equity interests in the acquired businesses and paid about $ 119 million to retire certain outstanding long-term indebtedness […]

  • CBS-Viacom Merger Talk Sows Tension Within

    Revival of CBS-Viacom Merger Talk Sows Tension Within Redstone Empire, Again

    Blockbuster Entertainment Corp. has completed its previously reported acquisition of Sound Warehouse and Music Plus, units of Shamrock Holdings of California Inc. Blockbuster said that in connection with the purchases it issued 4,142,051 common shares for the equity interests in the acquired businesses and paid about $ 119 million to retire certain outstanding long-term indebtedness […]

  • The Pretty Reckless - Taylor MomsenThe

    Concord Completes Acquisition of Razor & Tie, Denies Label Is Shutting Down

    Blockbuster Entertainment Corp. has completed its previously reported acquisition of Sound Warehouse and Music Plus, units of Shamrock Holdings of California Inc. Blockbuster said that in connection with the purchases it issued 4,142,051 common shares for the equity interests in the acquired businesses and paid about $ 119 million to retire certain outstanding long-term indebtedness […]

  • Shari Redstone Power of Women

    Shari Redstone Presses CBS To Consider Board Moves (Report)

    Blockbuster Entertainment Corp. has completed its previously reported acquisition of Sound Warehouse and Music Plus, units of Shamrock Holdings of California Inc. Blockbuster said that in connection with the purchases it issued 4,142,051 common shares for the equity interests in the acquired businesses and paid about $ 119 million to retire certain outstanding long-term indebtedness […]

  • Redbox

    Redbox Claims Disney Suit Is a Bid to Block Digital Competition

    Blockbuster Entertainment Corp. has completed its previously reported acquisition of Sound Warehouse and Music Plus, units of Shamrock Holdings of California Inc. Blockbuster said that in connection with the purchases it issued 4,142,051 common shares for the equity interests in the acquired businesses and paid about $ 119 million to retire certain outstanding long-term indebtedness […]

  • The Apple Downtown Brooklyn store grand

    Apple to Pay $38 Billion U.S. Tax Bill for Repatriating Overseas Cash, Will Hire 20,000 Workers

    Blockbuster Entertainment Corp. has completed its previously reported acquisition of Sound Warehouse and Music Plus, units of Shamrock Holdings of California Inc. Blockbuster said that in connection with the purchases it issued 4,142,051 common shares for the equity interests in the acquired businesses and paid about $ 119 million to retire certain outstanding long-term indebtedness […]

More From Our Brands

Access exclusive content