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Executives say production co. is seeking buyer
Propaganda Films may be for sale-again. According to production executives contacted by Propaganda, the legendary production company has approached potential suitors offering a partial stake and possibly a full buyout.
Propaganda has created popular feature films such as "Being John Malkovich," music videos for Madonna and Limp Bizkit, and commercials for advertisers from Anheuser-Busch's Budweiser to Nike.
One executive from a company that was approached said Propaganda wants "a strategic partner," but another said flatly, "They're for sale. It's not a question of `if.' They are selling."
A spokeswoman for Propaganda said its executives would not comment.
LEADING CONTENDER
According to executives who rebuffed Propaganda's overtures, the leading contender in the race to land the company is Lions Gate Films, a division of Vancouverbased Lions Gate Entertainment, which has produced films such as "American Psycho" and "Sleepy Hollow." Lions Gate this month completed its acquisition of Trimark Holdings, a Los Angeles-based feature film company in a $50 million cash and stock deal. A spokesperson at Lions Gate could not confirm or deny acquisition...