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In 1983, Perelman formed MacAndrews & Forbes Holdings, Inc. Perelman started selling bonds to acquire the remaining 66% stake in MacAndrews & Forbes Group Inc. to take MacAndrews & Forbes Group Inc. private.
In 1983, Perelman formed MacAndrews & Forbes Holdings, Inc. Perelman started selling bonds to acquire the remaining 66% stake in MacAndrews & Forbes Group Inc. to take MacAndrews & Forbes Group Inc. private.


Also in 1983, MacAndrews acquired [[Technicolor|Technicolor Inc.]]<ref>{{cite news|title=British Concern Agrees to Buy Technicolor Inc. : Carlton to Pay About $780 Million for the Movie-Film Processor|url=https://www.latimes.com/archives/la-xpm-1988-09-10-fi-1543-story.html|author=Al Delugach|newspaper=[[Los Angeles Times]]|date=September 10, 1988|access-date=November 20, 2017}}</ref> Despite the bond debt, in 1984, MacAndrews & Forbes purchased Consolidated Cigar Holdings Ltd. from [[Gulf+Western|Gulf & Western Industries]], in addition to Video Corporation of America.<ref name="fu"/> The [[Technicolor|Technicolor Inc.]] divisions were sold off and, in 1988, its core business was sold to [[Carlton Communications]] for 6.5 times the purchase price.  Using the proceeds from the Technicolor division sell off, MacAndrews & Forbes purchased a 20 percent stake in Compact Video Inc., a television and film syndication company.  Ronald Perelman's controlling buyout of [[Compact Video]] was in 1986.
Also in 1983, MacAndrews acquired [[Technicolor|Technicolor Inc.]]<ref>{{cite news|title=British Concern Agrees to Buy Technicolor Inc. : Carlton to Pay About $780 Million for the Movie-Film Processor|url=https://www.latimes.com/archives/la-xpm-1988-09-10-fi-1543-story.html|author=Al Delugach|newspaper=Los Angeles Times|date=September 10, 1988|access-date=November 20, 2017}}</ref> Despite the bond debt, in 1984, MacAndrews & Forbes purchased Consolidated Cigar Holdings Ltd. from [[Gulf+Western|Gulf & Western Industries]], in addition to Video Corporation of America.<ref name="fu"/> The [[Technicolor|Technicolor Inc.]] divisions were sold off and, in 1988, its core business was sold to [[Carlton Communications]] for 6.5 times the purchase price.  Using the proceeds from the Technicolor division sell off, MacAndrews & Forbes purchased a 20 percent stake in Compact Video Inc., a television and film syndication company.  Ronald Perelman's controlling buyout of [[Compact Video]] was in 1986.


In 1989, Perelman acquired New World Entertainment, with David Charnay's [[Four Star International|Four Star Television]] becoming a unit of [[Ronald Perelman]]'s [[Compact Video]], later that year.  
In 1989, Perelman acquired New World Entertainment, with David Charnay's [[Four Star International|Four Star Television]] becoming a unit of [[Ronald Perelman]]'s [[Compact Video]], later that year.  
Ownership of Compact Video Inc. was increased to 40% in 1989 after the buyout of [[Four Star Television|Four Star International]].<ref>{{Cite news|url=https://www.latimes.com/archives/la-xpm-1987-12-22-fi-30461-story.html|title=Reasons Emerge for the Liquidation of Compact Video|last=CROUCH|first=GREGORY|date=1987-12-22|newspaper=Los Angeles Times|access-date=2016-10-04}}</ref><ref name="Ron Perelman's Sale of Four Star">{{cite news |url=https://www.latimes.com/archives/la-xpm-1996-07-18-fi-25297-story.html|title=Perelman's Not Out of the Game Just Yet|newspaper=[[Los Angeles Times]]|date=July 18, 1996 |access-date=November 15, 2017}}</ref><ref name="fundinguniverse">{{cite web|title=MacAndrews & Forbes Holdings Inc.|url=http://www.fundinguniverse.com/company-histories/MacAndrews-amp;-Forbes-Holdings-Inc-Company-History.html|website=Funding Universe|access-date=May 16, 2008}}</ref> It was purchased through a [[golden parachute]] deal that was negotiated with [[Four Star Television|David Charnay's Acquisition]] and [[Ronald Perelman]] after Charnay was notified of stock purchases made by Perelman in 1989. In 1989, Perelman also acquired [[New World Pictures|New World Entertainment]] with Four Star becoming a division of New World as part of the transaction.
Ownership of Compact Video Inc. was increased to 40% in 1989 after the buyout of [[Four Star Television|Four Star International]].<ref>{{Cite news|url=https://www.latimes.com/archives/la-xpm-1987-12-22-fi-30461-story.html|title=Reasons Emerge for the Liquidation of Compact Video|last=CROUCH|first=GREGORY|date=1987-12-22|newspaper=Los Angeles Times|access-date=2016-10-04}}</ref><ref name="Ron Perelman's Sale of Four Star">{{cite news |url=https://www.latimes.com/archives/la-xpm-1996-07-18-fi-25297-story.html|title=Perelman's Not Out of the Game Just Yet|newspaper=Los Angeles Times|date=July 18, 1996 |access-date=November 15, 2017}}</ref><ref name="fundinguniverse">{{cite web|title=MacAndrews & Forbes Holdings Inc.|url=http://www.fundinguniverse.com/company-histories/MacAndrews-amp;-Forbes-Holdings-Inc-Company-History.html|website=Funding Universe|access-date=May 16, 2008}}</ref> It was purchased through a [[golden parachute]] deal that was negotiated with [[Four Star Television|David Charnay's Acquisition]] and [[Ronald Perelman]] after Charnay was notified of stock purchases made by Perelman in 1989. In 1989, Perelman also acquired [[New World Pictures|New World Entertainment]] with Four Star becoming a division of New World as part of the transaction.
After [[Compact Video|Compact]] shut down, its remaining assets, including [[Four Star International]], were folded into MacAndrews & Forbes.<ref>{{Cite news|url=http://www.thedp.com/article/1995/01/perelman_man_behind_the_paln |title=Perelman: Man behind the plan|last=Fineman|first=Josh|date=1995-01-26|newspaper=[[The Daily Pennsylvanian]]|access-date=2017-11-20}}</ref>
After [[Compact Video|Compact]] shut down, its remaining assets, including [[Four Star International]], were folded into MacAndrews & Forbes.<ref>{{Cite news|url=http://www.thedp.com/article/1995/01/perelman_man_behind_the_paln |title=Perelman: Man behind the plan|last=Fineman|first=Josh|date=1995-01-26|newspaper=[[The Daily Pennsylvanian]]|access-date=2017-11-20}}</ref>
By the end of 1989, MacAndrews refinanced the holding companies' [[High-yield debt|junk bonds]] for standard bank loans. The bulk of [[New World Pictures|New World's]] film and home video holdings were sold in January 1990 to Trans-Atlantic Pictures, a newly formed production company founded by a consortium of former New World executives.<ref>{{cite news|title=New World Deal|url=https://www.latimes.com/archives/la-xpm-1990-01-04-fi-411-story.html|newspaper=Los Angeles Times|date=January 4, 1990|access-date=May 27, 2014}}</ref>
By the end of 1989, MacAndrews refinanced the holding companies' [[High-yield debt|junk bonds]] for standard bank loans. The bulk of [[New World Pictures|New World's]] film and home video holdings were sold in January 1990 to Trans-Atlantic Pictures, a newly formed production company founded by a consortium of former New World executives.<ref>{{cite news|title=New World Deal|url=https://www.latimes.com/archives/la-xpm-1990-01-04-fi-411-story.html|newspaper=Los Angeles Times|date=January 4, 1990|access-date=May 27, 2014}}</ref>
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