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Live confirms talk of sale

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NEW YORK — Live Entertainment Inc. reported Friday a $3.4 million loss in 1996 after a $7.1 million reserve for back taxes, and confirmed it had been approached about the possible “sale of the entire…

OCTOBER SURPRISE

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Paris-based Renn Production S.A. has filed a breach of contract suit against October Films, asking for $10 million in damages. The suit, filed Friday in U.S. District Court in New York, alleges that…

In Urban’s league

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L.A. Urban League president John Mack, Magic Johnson, Denzel Washington and his wife, Paulette, celebrated last week at the Century Plaza Hotel after Washington received the Whitney M. Young Jr…

B.O. highlights

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New releases: “Anaconda” (Col) struck $16.5 million in first, good for $6,718 on 2,456. “Grosse Pointe Blank” (BV) whacked $7 million, good for $5,705 on 1,227 and fourth place. Holdovers: “Liar Liar”…

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