Ventura Entertainment Announces Acquisition

Ventura Entertainment Group said it completed the acquisition of Entertainment Marketing Corp. of America on Monday in exchange for shares of its Series A preferred stock.

The Beverly Hills-based company is the parent of Burbank-based Harmony Holdings Inc., a television commercial production company.

Ventura Entertainment said it will now propose to its share-holders a recapitalization planthat would, if approved, give the former owner of Entertainment Marketing, previously known as Artists & Entertainment Inc., 70% of Ventura’s outstanding common stock.

Under the proposed recapitalization, Ventura shareholders would have the option toeither increase their holdings in the restructured company or to directly own stock in Harmonyand Ventura’s other operating subsidiary, Beverly Hills-based Producers Entertainment Group Ltd.

Ventura currently owns 58% of both Harmony and Producers Entertainment, which develops and produces television movies.

Entertainment Marketing provides sports marketing and event promotion services, and distributes video products.