POLYGRAM TALKING WITH SAUDI PRINCE.Byline: Dave McNary Daily News Staff Writer A Saudi prince has emerged as the leading contender to buy PolyGram's movie business from Seagram Co., informed sources said Friday. Seagram, which has been trying to sell PolyGram Filmed Entertainment since last spring, had no comment on reports that Prince Muhammad Bin Bandur Abdul Aziz Abdul Aziz is the name of:
2. (language) PFE - Portable Forth Environment. for $400 million. The prince, who surfaced as a possible buyer last summer, has no other Hollywood investments. Daily Variety reported Friday that he has put at least $50 million into an escrow escrow Instrument, such as a deed, money, or property, that constitutes evidence of obligations between two or more parties and is held by a third party. It is delivered by the third party only upon fulfillment of some condition. account for the deal and that former Columbia TriStar executive Fred Bernstein will run PFE if the bid succeeds. Seagram, parent of Universal Studios, put PFE up for sale for $1 billion after reaching an agreement to buy Dutch music giant PolyGram for $10.4 billion, but found no takers. It has since agreed to sell off PFE's film library in two deals totaling $400 million. The remaining PFE assets that the prince is reportedly interested in include the Working Title, Interscope and Propaganda production operations, domestic and international distribution arms and up to 18 unreleased films, including the romantic comedy ``Notting Hill'' with Julia Roberts and the thriller thrill·er n. One that thrills, especially a sensational or suspenseful book, story, play, or movie. thriller Noun ``Arlington Road'' with Jeff Bridges Jeffrey Leon Bridges (born December 4, 1949) is an Academy Award-nominated American actor and musician. Biography Personal life Bridges was born in Los Angeles, California, the son of Dorothy Dean (Simpson) and actor Lloyd Bridges. . PFE's last two releases, ``What Dreams May Come'' and ``Very Bad Things,'' were box-office disappointments. Los Angeles-based PFE has about 1,000 employees. Analysts believe Seagram wants to unload To remove a program from memory or take a tape or disk out of its drive. PFE to focus on music since it is now the world's biggest music conglomerate. A sale would also improve its balance sheet and cut exposure to the heavy risks of the movie business, where Universal was the poorest performer among major studios last year. |
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