Kushner-Locke Hires Prudential to Study Options
Times Staff and Bloomberg News
Kushner-Locke Co., a Los Angeles-based distributor and producer of movies and TV shows, said it hired Prudential Securities Inc. to help it explore options.
The company is considering selling pieces of the company, including its library, sources said.
Some of the company’s recent films include the Jerry Springer film “Ringmaster” released by Artisan and “One Man’s Hero” released by MGM.
Peter Locke, the company’s co-chairman and co-chief executive, said acquisitions and partnerships will be considered to help boost shareholder value.
Kushner-Locke shares have fallen 63% since the initial public offering in June of its public records search unit, US Search.com Inc. Kushner-Locke stock rose 50 cents to close at $5.94 on Nasdaq.
