Halmi Buying Hallmark Entertainment12/09/2005 4:53 AM Eastern
Hallmark Entertainment LLC president Robert Halmi Jr. and a private investment firm will buy the unit from Hallmark Cards Inc., AP reported.
Hallmark acquired the company, then called RHI Entertainment LLC, in 1994 for $365 million from Halmi and his father, Robert Halmi Sr., according to AP.
Hallmark Entertainment makes movies and miniseries for more than one-dozen cable networks and all four major broadcast networks, AP reported.
Financial terms of the transaction weren’t disclosed.