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UPIE acquires majority stake in Dentsu's DVD outfit Geneon

Universal Pictures International Entertainment (UPIE) is acquiring a majority stake in Japanese media conglomerate Dentsu's DVD company Geneon to create a home entertainment marketing and distribution entity in Japan.The transaction is expected to be completed by early 2009. Under the terms of the agreement, Geneon will merge with UPIE subsidiary Universal Pictures Japan (UPJ).UPIE will own 80.1% of the interests in the newly combined entity with Dentsu taking a ...

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