Harmony Chairman Buys 950,000 Shares of Stock

Harmony Holdings Inc., a Burbank-based producer of special-effect television commercials and music videos, said the company’s chairman, Harvey Bibicoff, has purchased 950,000 shares of Harmony common stock at $2.10 per share.

Bibicoff said he bought the shares from Ventura Entertainment Group Ltd., which acquired Harmony four years ago but recently decided to sell its Harmony stock. Bibicoff’s purchase gives him 17% of the 5.5 million common shares of Harmony outstanding.