LIVE Entertainment Inc. and a group representing most of its 14 1/2% note and preferred stock holders have disclosed details of a tentative restructuring agreement reached in July.

"The bondholders and the preferred holders are very supportive of this, very excited about it, because they want to preserve the value of the company," Paul S. Aronzon, a partner at the law firm of Milbank, Tweed, Hadley & McCloy, said yesterday.

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