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Alliance Films loses one owner, expects a new one

Alliance Films has lost one co-owner but a new one is expected to be announced shortly. According to a report in the Globe and Mail newspaper, Toronto-based private equity firm EdgeStone Capital Partners has sold its 49 per cent stake in the Canadian distribution company, formerly Motion Picture Distribution (MPD). Alliance Films came into being following the $2.3bn purchase and break-up of Alliance Atlantis Communications by CanWest Communications and US investment ...

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