recommends retailers implement a program of two-night rentals of the hardware and one or two discs at a suggested retail price of $19.95.
The disposal, combined with the acquisition of PolyGram
, means the Canadian company now has a majority of its interests in entertainment.
The electronics group said in a statement they were "evaluating various strategic options" in relation to the PolyGram
It came as Philips Electronics said it had finalised its agreement to sell its 75 per cent stake in PolyGram
to the Canadian group and that the price had been cut by $200 million to $10.4 billion (pounds 6.2billion).
We've teamed up with Polygram
Video to give you a chance to win the hit thriller SLEEPERS, starring Brad Pitt and Robert De Niro.
Out next week, PolyGram
's Green Edition is the widescreen version of Trainspotting.
Holding Inc., Attn.: Human Resources Department Internship Coordinator, Worldwide Plaza, 825 8th Ave., 23rd Floor, New York, NY 10019; 212-333-1440 or 212-333-8320
An old marketing hand by trade, he teamed with Levy to revitalize Polygram
in the 1990s.
The news comes just days after rumours that the band had been dropped by their record label, Polygram
And he disclosed he had been in formal negotiations with film and music giant PolyGram
to buy back its 30 per cent stake in his business before the Dutch company agreed to a pounds 6billion takeover by Seagram last week.
But Do Re Me have now landed a deal with record giant Polygram
Liz Dawn's House Party, from Polygram
Video at pounds 12.99, is packed with wisecracking routines, sketches and songs.