ENTERTAINMENT & MEDIA
From Times Staff and Wire Reports
Carolco in TV Talks: Financially troubled Carolco Pictures Inc. confirmed that discussions are underway with Spelling Entertainment Inc. over the proposed sale of TV rights to Carolco movies. The deal would be valued at about $70 million, and would include such Carolco films as “Terminator 2: Judgment Day.” Carolco also said that as a result of its continuing inability to draw under its bank credit facilities, it is experiencing severe liquidity problems.
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