SBI TO ACQUIRE HALF-DAY VIDEO.Byline: Daily News VALENCIA - SBI SBI Special Background Investigation SBI Subsidiary Body for Implementation SBI State Bank of India SBI Secure Border Initiative SBI Small Business Institute SBI Stockholm Brain Institute SBI Serious Bacterial Infection SBI Society of Breast Imaging Communications Inc./Valencia Entertainment announced plans Monday to acquire outstanding shares of Half-Day Video Inc. in a stock and cash-for-stock transaction. Half-Day Video Inc. specializes in renting film equipment to the entertainment industry. Half-Day's client list includes NBC NBC in full National Broadcasting Co. Major U.S. commercial broadcasting company. It was formed in 1926 by RCA Corp., General Electric Co. (GE), and Westinghouse and was the first U.S. company to operate a broadcast network. , ``Entertainment Tonight,'' MTV MTV in full Music Television U.S. cable television network, established in 1980 to present videos of musicians and singers performing new rock music. MTV won a wide following among rock-music fans worldwide and greatly affected the popular-music business. , the Oscars and ``General Hospital.'' ``The acquisition of Half-Day will significantly enhance our Valencia projects and the company's interactive production facilities outside Atlanta, Georgia,'' Vince Vellardita, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of SBI/Valencia, said in a statement. The acquisition is in line with the company's plan to expand. The merge allows Half-Day to expand its existing business under the SBI/Valencia umbrella, said that company's president and CEO, Clay Harrison. ``I am very excited and look forward to becoming a part of this aggressive entertainment company,'' Harrison said. Valencia Entertainment is an entertainment conglomerate that includes television production for network and syndicate, motion pictures, sports, Internet and real estate holdings. It operates sound stages on the East and West coasts and owns more than 250,000 square feet of commercial building space, which consists of 10 film and television production sound stages. The company has contracts in place to use the sound stages with Paramount Pictures for the CBS (Cell Broadcast Service) See cell broadcast. series ``JAG'' and Saban Entertainment for the ``Power Rangers.'' Valencia's clients include Warner Bros., Universal, MGM MGM in full Metro-Goldwyn-Mayer, Inc. U.S. corporation and film studio. It was formed when the film distributor Marcus Loew, who bought Metro Pictures in 1920, merged it with the Goldwyn production company in 1924 and with Louis B. Mayer Pictures in 1925. , HBO Hyperbaric oxygen therapy (HBO) A form of oxygen therapy in which the patient breathes oxygen in a pressurized chamber. Mentioned in: Ozone Therapy , NBC, Twentieth Century Fox, Disney, CBS, Sony, Showtime and the USA Network. Half-Day Video Inc., located in Burbank, has had sales of $10 million since inception and assets of about $1 million, with revenues of $1 million annually. Half-Day owns its offices and warehouse facility in Burbank and will continue to operate and service the entertainment industry with all of its current employees. |
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