Video corporation changing hands (4)

I believe the answer is:

film

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'video' is the definition.
(thesaurus)

I don't understand the remainder of the clue.

(Other definitions for film that I've seen before include "Material for wrapping" , "reels, perhaps" , "Cinema entertainment" , "Skin" , "Thin layer (covering a surface)" .)

I've seen this clue in The Independent.

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