Rysher Entertainment, Kushner-Locke to Merge
- Share via
Rysher Entertainment, a Studio City television production and distribution firm, has reached a tentative agreement to merge with Kushner-Locke, a publicly traded TV producer.
The transaction, anticipated to close by Sept. 30, calls for Kushner-Locke to acquire all the outstanding capital stock of Rysher and its related companies, Rysher Distribution Inc. and Rysher Sales Services Inc., in exchange for Kushner-Locke common stock.
The exact number of shares to be exchanged will be based on a multiple of five times Rysher’s 1992 net income, but is expected to be about 5 million Kushner-Locke shares, which have a present market value of $5.8 million.
Rysher’s productions have included the NBC situation comedy “Saved by the Bell” and a new hourlong syndicated series called “Highlander.”
Kushner-Locke has produced TV series, including “First and 10” and “Sweating Bullets,” and TV movies such as “Sweet Bird of Youth” with Elizabeth Taylor.
The biggest entertainment stories
Get our big stories about Hollywood, film, television, music, arts, culture and more right in your inbox as soon as they publish.
You may occasionally receive promotional content from the Los Angeles Times.
