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...LABEL: MCA...
JONATHAN SHEINBERG WAS VISITING HIS FATHER'S California home when he overheard Dad talking on the phone about selling his company to a Japanese firm. This wasn't just any dad. Sidney Sheinberg is president of Hollywood's giant MCA Inc., and he was talking about its yet undisclosed sale to Japan's Matsushita Electric Industrial Co. When Sheinberg Sr. realized that Junior was listening in, he correctly warned his son to keep the news to himself and certainly not trade in the stock. But Jonathan just couldn't keep a secret, the SEC says. He has agreed...
Thus traditional children's tales are being set to a contemporary beat. "I been rapping with kids for a long, long time/ Even your parents know my rhymes," chirps a character called Mama Goose on MCA's Nursery Rhymes Rap. And although many new songs continue to deal with subjects like eating vegetables or coping with siblings, some grapple with difficult family issues. "You see, Timmy's dad was married/ To his mom a while ago/ But now they are divorced/ Sometimes that's the way things go," sings Craig Taubman, who also records for Disney...
Movie sound tracks remain the best sellers. Disney's Beauty and the Beast album has sold more than 1.9 million copies and has been on the pop charts for the past 49 weeks. MCA has tried to tap into the Nintendo craze with White Knuckle Scorin', an album about the video game that echoes the Who's celebration of a pinball wizard in the 1969 rock opera Tommy...
...billion) will have enough financial staying power, but some less capitalized firms are getting wiped out. Last week the Florida department of insurance seized two insolvent insurers, Florida Fire & Casualty in Fort Lauderdale and Great Republic in Miami, and placed about a dozen others on its "watch list." MCA Insurance, a division of Tulsa-based Thrifty Rent-a-Car, was placed under supervision by Oklahoma regulators after it was overwhelmed by $30 million in Andrew-related claims. States typically bail out failed firms through guaranty funds financed by assessing a fee on other insurers...