COMENT/ODYSSEY ANNOUNCES MANAGEMENT APPOINTMENTS & JOINT VENTURE; Company Set For Accelerated Growth.LOS ANGELES--(BUSINESS WIRE)--March 27, 1996--Communications & Entertainment Corp. (ComEnt; NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : CECO CECO Council of Engineering Companies of Oregon CECO Cost Estimate Change Order CECO Center for Economic and Community Outreach CECO CENTCOM Engineer Contingency Organization CECO Concrete Engineering Company of Omaha (Ceco Concrete Construction LLC) ) and its subsidiary Odyssey Distributors Ltd. has announced a series of executive appointments, effective March 27, 1996 and the formation of a joint venture with Film Bridge International for the acquisition and distribution of film and television programming. Stephen R. Greenwald, Chief Executive Officer, has assumed key operating responsibilities, including film acquisition and development, from ComEnt President Shane O Neil, who has resigned his position but remains with the company as a consultant. Mr. Greenwald, ComEnt's current Co-Chairman, has served as Chief Executive Officer of Vision International and was formerly Chairman and Chief Executive Officer of the DeLaurentis Entertainment Group. In addition, he has been a consultant to the Bank of America
Bank of America (NYSE: BAC TYO: 8648 ) is the largest commercial bank in the United States in terms of deposits, and the largest company of its kind in the world. , Credit Lyonnais Bank, Sony Pictures Entertainment, Oppenheimer & Co. and numerous other clients in the media and film business. Ira N. Smith, ComEnt Co-Chairman, has been named President and assumes Mr. O Neil's administrative responsibilities, including legal, financial and investor relations Investor relations The process by which the corporation communicates with its investors. affairs. Mr. Smith is Co-Chairman of SESAC SESAC Society of European Stage Authors and Composers SESAC Society of European Songwriters, Artists and Composers SESAC Space and Earth Sciences Advisory Committee SESAC Security and Stability Advisory Committee , Inc., one of the three recognized US music rights licensing organizations. In addition, he has engaged in financing motion picture productions, including Three Days of The Condor Three Days of the Condor is a United States motion picture made in 1975. It was produced by Stanley Schneider and directed by Sydney Pollack. The screenplay, by Lorenzo Semple Jr. and David Rayfiel, was adapted from the novel Six Days of the Condor by James Grady. , Dune, King of Comedy, SOB and Amityville 2 and 3. Joshua Grode has been named Executive Vice President, a new position, responsible for the development and acquisition of distribution rights in theatrical motion pictures. He joins the company from the Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. law firm of Bloom, Hergott, Cook, Diemer & Klein, where he counseled major clients in the firm's entertainment practice including Sam Waterston Samuel Atkinson Waterston (born November 15 1940) is an Academy Award-nominated American actor noted particularly for his portrayal of Jack McCoy on the long-running NBC television series Law & Order. He has also appeared in many feature films. , Eriq LaSalle, Gary Busey and others. Before joining Bloom, Hergott, Mr. Grode was a development executive with Sydney Pollack's Mirage Productions. In addition, ComEnt has formed a joint venture with Film Bridge International for the acquisition and distribution of motion pictures and television programming worldwide. Film Bridge is headed by Ellen Wander, who established the company in 1993 after serving as an international sales exec for Turner Pictures Worldwide where she arranged theatrical distribution in more than 30 markets. The joint venture will handle international sales and licensing of ComEnt and Film Bridge product and will actively seek to acquire new product from independent producers. Film Bridge has established relationships with such major overseas distribution company as the UK's Polygram and First Independent, Japan's Nippon Colombia, Portugal's Lusomundo, Spain's Tri Pictures, Korea's Samsung and others. "ComEnt has assembled a management team with exceptional depth and breadth and created an operational structure that will accelerate the company's growth prospects and improve shareholder value," says Greenwald. "We are quickly moving forward to capitalize on the enormous opportunities in international territories for filmed entertainment product," Greenwald noted, adding, "we appreciate Shane's contributions to the company over the past 18 months and look forward to his continued contributions as a consultant." ComEnt, an overseas distributor of motion pictures and television programs, currently owns or licenses international distribution rights to such well-known and commercially successful films as Pelle The Conqueror, Conan The Barbarian This article is about the fictional character. For other uses, see Conan the Barbarian (disambiguation). Conan the Barbarian (also known as Conan the Cimmerian , Ragtime ragtime: see jazz. ragtime U.S. popular music of the late 19th and early 20th centuries distinguished by its heavily syncopated rhythm. Ragtime found its characteristic expression in formally structured piano compositions, the accented left-hand , Dune, 1492: Conquest of Paradise and Earth Girls Are Easy, among others. ComEnt is currently in the process of changing its name to Odyssey Pictures. CONTACT: Press: Lloyd P. Trufelman, Trylon Communications, Inc., (212) 818-9151 OR Analyst: Ira N. Smith ComEnt, (212) 688-0808 |
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