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From Times Staff and Wire Reports
MCA, Paramount Divests Stake in TVN Entertainment: MCA Inc. and Paramount Pictures said they transferred their stake in the Burbank-based satellite broadcaster back to founding partner Stuart Z. Levin. The two movie studios took a controlling interest in TVN 15 months ago. TVN offers 10 different channels of movies on a pay-per-view basis to about 100,000 back-yard satellite dish customers. Levin said TVN is proceeding with expansion plans and will continue to license MCA and Paramount movies.
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