Focus on Entertainment Stocks
Spotlight on Republic Pictures Corp.: The Los Angeles-based company, which employs more than 118 people, is in the process of completing a merger with Spelling Entertainment Group, which is 70.5% owned by Blockbuster Entertainment Corp. Commenting on the merger, Chairman Russell Goldsmith said: “We believe this merger will combine the best of both companies. The prospect of Spelling and Republic, together allied with Blockbuster, promises to be a very formidable entertainment provider around the world.”
Goldsmith
Major Properties
* Movies: 1,400 titles, including “It’s a Wonderful Life,” “The Quiet Man,” “High Noon,” “The Bells of St. Mary’s”
* Television: 3,000 hours, including “Bonanza,” “Get Smart”
* Video: “Sarah Plain and Tall,” “Red Shoe Diaries,” “Beastmaster 2”
Financial Data
* Market capitalization: $91.9 million
* Cash: $1.5 million
* Long-term debt: $20.1 million
* 1992 revenue: $68.3 million
* 1992 loss: -$3.5 million
* Loss per share: -$0.77
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