SHOW BUSINESS: Boston to Hollywood

One day last February, in his satiny suite high in Manhattan's Hotel Pierre, Boston Banker Serge Semenenko shook hands with Hollywood's Jack and Albert Warner on a deal. Full of enthusiasm, Jack and "Abe" phoned their older brother Harry in Hollywood: Semenenko had agreed to buy a majority of their stock interest in the family studio and take control. What did Harry say to that? Harry said no, and the Semenenko deal seemed as dead as dozens of others that have swirled briefly in Variety headlines in the five years since the Warners first announced that they would sell "if...

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