New Ownership and Dissolution
In 1967, Levine sold the Embassy corporation to Avco. In 1968, Avco Embassy launched Avco Embassy Television, which was sold to Multimedia, Inc. in 1976, becoming Multimedia Entertainment; that first television division has since been folded into what is now known as NBCUniversal Television Distribution, even though another company now owns television rights to the Embassy library.
Read more about this topic: Embassy Pictures
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