Ventura Entertainment Alters Terms of Warrants

Ventura Entertainment Group Ltd., a North Hollywood television and movie producer, said it reduced the exercise price of its class B warrants from $16 to $2 for a period of 23 days to end Nov. 30. This effectively entitles the holder to purchase two shares of common stock for $2.

Ventura Entertainment has struggled recently, losing $2.60 million on revenues of $3.08 million in the eight months that ended June 30.

Separately, a group led by Networth Partners L.P., a New York investment partnership, said it has boosted its holdings in Ventura from 7.6% to 9.7% or 753,560 common shares, according to a filing with the Securities and Exchange Commission. The partnership bought 161,000 shares from Oct. 4 to Oct. 19 for prices ranging from $7.62 to $9.50 per share, for a total price of $1.48 million.