CD Marketer DCC to Buy Film Distribution Firm

DCC Compact Classics Inc., a Chatsworth marketer of compact discs and other audio products, said it has agreed to acquire a Florida distributor of film and film-related equipment for $5 million in cash, a $500,000 note and 1 million restricted common shares of DCC.

The deal with PSI Industries Inc. also includes the exclusive worldwide licensing rights for a process of imprinting film with “predetermined messages,” DCC said. The transaction is subject to various conditions as well as DCC’s completion of the financing arrangements.