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Disc distributor buys Web rival for $6.5 mil

Published on .

DVD and laser disc distributor Image Entertainment, Chatsworth, Calif., has agreed to buy Ken Crane's DVD and laserdisc Internet and direct-mail business, a division of Ken Crane's Home Entertainment, Hawthorne, for $6.5 million in cash and stock. Ken Crane's site has generated approximately $15 million in annual Internet/direct-to-consumer sales.

Copyright August 1998, Crain Communications Inc.

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