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Harvey Entertainment Wraps Classic Cartoon Sale to Classic Media LLC for $17 Million

26 Jun, 2001 By: Hive News

The Harvey Entertainment Company has completed its previously announced sale of Harvey's Classic Cartoon characters -- including Casper the Friendly Ghost, Herman, Catnip and Little Lulu -- and substantial assets to Classic Media LLC for $17 million and some debt assumption.

At the same time, the company changed its corporate name to Sunland Entertainment Co. Inc. with the new OTC Bulletin Board stock symbol of SUNE. The name and stock symbol change takes effect Wednesday, June 27.

Sunland Entertainment Co. Inc. is involved in the production and distribution of motion pictures and television. Its library consists of over 150 motion pictures and 60 television episodes.

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