 By May 1972, ABCs formed the ABC Leisure Group consisting of its theaters, farm publishing operations (ABC Farm Publications) and music (ABC Records), Anchor Records and ABC Records and Tape Sales plus a new retail record store division.Plitt Theatres, owned partly by former ABC Films Syndication president Henry G. Plitt, purchased ABC Theatres northern group of movie theaters including the Balaban & Katz chain in 1974.A second Plitt corporation, Plitt Theatres Holding, purchased ABCs`s southern circuit in 1978 for $49 million, thus ending ABC's involvement in the theater industry.