Carolco Pictures Sells High Five Entertainment Subsidiary, Focuses On High Growth New Media Technology Sector
BOCA RATON, FL — (Marketwired) — 08/08/17 — (OTCQB: CRCO) (the "Company"), is pleased to announce the June 2017 sale of its 75% interest in subsidiary, S&G Holdings, Inc., d/b/a High Five Entertainment ("High Five"), to Metropolitan Sound + Vision LLC ("Metro"), a South Carolina company owned by High Five–s original founder, Bud Schaetzle.Of the total purchase price of $600,000, $10,000 was paid at closing. Thereafter, beginning at the end of the third fis