News Ventura Distribution to be Sold
posted on 2006-03-27 09:17 EST
First Look Studios will purchase Ventura Distribution for an estimated $20 million, according to Video Business. Ventura, which distributes DVDs for Viz Media, Tokyopop, and Urban Vision, is owed $5.8 million in unsecured debt as a result of Musicland's bankruptcy. Showtime has also sued Ventura for $7 million, claiming Ventura distributed products without paying for them.
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