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Financial Briefs

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Carolco Pictures Inc. said since less than $ 2.7 million in aggregate principal of its 13% senior subordinated notes due 1996 was tendered, it will return all notes tendered to their holders. The…

  • Biz

Love sues Gibson, Dunn

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Beach Boys lead singer Mike Love has sued the law firm of Gibson, Dunn & Crutcher for "willfully" suppressing information about a potential claim he could have made for song royalties.

  • Biz

Clear acquires WAXY

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Clear Channel Communications Inc. has filed with the Federal Communications Commission to acquire all the assets of WAXY-FM radio from Ackerley Communications Inc. for $ 14 million. WAXY, which…

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Jackson promoter files suit

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The fallout from Michael Jackson canceling his world tour continued Tuesday with the filing of a $ 20 million lawsuit demanding the pop star return money he earned for dates he never played. The suit…

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Main Line strikes back

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Lawyers and execs for Main Line Pictures lashed back at Kim Basinger Tuesday, claiming the sultry thesp is using bankruptcy court to avoid payment on the $ 8. 1 mil judgment against her for breach of…

  • Film

Datebook

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Faye Dunaway and Tim Curry will host the Golden Globe Awards Jan. 22 at the Beverly Hilton Hotel. The show, which will air live on cable superstation WTBS at 7 p.m. PST, will be produced by Dick…

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Basinger files for Chapter 7

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Attorneys for Kim Basinger filed papers Monday that will convert her bankruptcy petition from Chapter 11 to Chapter 7, possibly depriving creditor Main Line Pictures of several million dollars.

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