Andrews Group buys 50% stake in syndicator Genesis

Ronald O. Perelman’s the Andrews Group, acting through its Four Star Intl. subsidiary, has acquired a 50% stake in privately held syndicator Genesis Entertainment.

Under the agreement, Genesis will take over distribution rights to the Four Star library, which entails more than 160 features as well as series such as “The Big Valley.”

In addition, Genesis will be able to ally itself with various other Andrews Group holdings, including New World Entertainment and Marvel Entertainment Group. Genesis is currently distributing two series from those companies domestically: the serial “Paradise Beach” and the animated weekly series “Biker Mice From Mars.”

New World has a strong presence as an international distributor but lacks a domestic syndication wing, which Genesis could provide. Terms of the deal weren’t disclosed.

Andrews Group also is in the process of acquiring a controlling interest in TV station group SCI Holdings — another asset to Genesis as a potential outlet for programming.

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