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** The spin off of The Coca-Cola Company's entertainment assets was completed. As a result, Columbia Pictures Entertainment was formed, with Columbia/Embassy Television, Coca-Cola Telecommunications and Tri-Star Television merged to become the newly reorganized Columbia Pictures Television.
** Turner Broadcasting System acquired the RKO library, as well as its home video assets, which were combined under the '''Turner Home Entertainment''' umbrella.
* Capitol Records folds its Video Distribution and Sales division.
== VHS ==
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