New World faces a major financial slump and the company began to restructure; first, the Marvel Entertainment Group was sold to financier Ronald Perelman's Andrews Group, in 1989 then New World Entertainment was subsequently acquired by Perelman later in the year.
New World faces. A major financial slump began to restructure. The company began to restructure. The Marvel Entertainment Group was sold to financier Ronald Perelman's Andrews Group. This was in 1989. This was first. New World Entertainment was subsequently acquired by Perelman later in the year. This was first.