shows, Jeopardy! and Wheel of Fortune; (the nighttime versions were distributed by King World, which is now handled by successor CBS Media Ventures). However, Sony Pictures Television handles off-net syndication reruns by broadcasting them on Game Show Network, while sister company Sony Pictures Home Entertainment owns DVD rights, though, as game shows, are unlikely to get a proper release). On May 21, 1986, Joe Indelli was resigned as president of Columbia Pictures Television Distribution, in order to launch a new company that was owned by MTM Enterprises to syndicate its own programs and Robert King, who was partner of The Television Program Source, would replace it as CPTD's president of the studio. Also in 1986, the former Lear units (Embassy Television, Embassy Telecommunications, and Tandem Productions) were merged to become Embassy Communications; the Tandem unit ceased production to be used after the cancellation of Diff'rent Strokes but remained in-name-only, while the Columbia and Embassy units continued to exist separately. Also on the same year on August 28, CPT acquired Danny Arnold's Four D Productions, Inc. for $50 million. On November 24, 1986, Coca-Cola regrouped CPT, Embassy Communications, and Merv Griffin Enterprises into Coca-Cola Television, which was a division of the entertainment sector of The Coca-Cola Company, and Coke formed a new first-run syndication unit; Coca-Cola Telecommunications due to Coca-Cola merging the distribution unit of Columbia Pictures Television and The Television Program Source (a syndicator that was a joint venture between Alan Bennett, former King World president Robert King, and CPT that was created on October 15, 1984, which Coca-Cola had a small investment in originally, and notably distributed the 1985–1986 nighttime syndicated version of The Price Is Right and was slated to distribute a new version of Match Game for syndication in 1987). It was headed by Gary Rosenthal, who was leading Embassy Telecommunications, and also inserted was a new subsidiary Coca-Cola Television Operations. On September 9, 1986, Columbia Pictures Television's European division is expanding its branch, producing programming for ITV franchisee holders, such as HTV, and added new co-productions from other ITV franchisees such as Anglia Television and Yorkshire Television. Coca-Cola Telecommunications also took some programs that were or slated to be distributed under the Columbia Pictures Television banner including What's Happening Now!!, The Real Ghostbusters, Dinosaucers, and Punky Brewster as well as taking the US distribution rights of Hardcastle and McCormick from Colex. Columbia acquired the rights to