From AVN.COM

Red Light Update: Dion Giarusso to Sell Stake in Company
By: Paul Fishbein
12-18-2003


CHATSWORTH, Calif. - Dion Giarusso announced today that he is selling his interest in both Red Light District and Platinum X Pictures to his brother, David Giarusso.

The two had a business argument last Thursday, which resulted in Dion assaulting David. Recently, the brothers met, settled their personal differences and worked out an amicable agreement for the companies.

"It's a phenomenal deal for me and I'll be well taken care of," Dion Giarusso said. "I'm there for my brother if he needs any help." Dion added that he plans to seek anger management help.

"Our personal relationship will be better than ever," he said.

All of the producers with the two companies, including Vince Vouyer, Mike John, Sean Michaels, Erik Everhard, Manuel Ferrera and others are expected to remain with the two distributors.

"We're not changing anything," David Giarusso said. "We're going forward with the company.

"We are going to work on our relationship. I love the guy. I'd do anything for him and he'd do anything for me."

David reports that the deal is effective immediately and that it will include a non-compete clause for Dion.