ENTERTAINMENT

Live Entertainment Misses Payment: The Van Nuys video distributor announced that it did not make the May interest payment on its $110 million of 14.5% notes due in 1999, after a 30-day grace period. Live’s financial advisers are in discussions with an unofficial committee representing certain note holders. In a related matter, Carolco Pictures, Live’s former majority shareholder, said it has sold 360,000 shares of its Live stock to its investors, Pioneer LDCA Inc., Le Studio Canal+ and RCS Video International Services.