Printer Friendly

MGM-PATHE COMMUNICATIONS CO. CONFIRMS NON-BINDING PROPOSAL TO ORION PICTURES CORP.

 MGM-PATHE COMMUNICATIONS CO. CONFIRMS
 NON-BINDING PROPOSAL TO ORION PICTURES CORP.
 CULVER CITY, Calif., May 12 /PRNewswire/ -- MGM-Pathe Communications Co. ("MGM") confirmed today that it had made a non-binding proposal to Orion Pictures Corp. ("Orion") to, among other things, distribute Orion's unreleased motion pictures and its library product. MGM would make an advance under a distribution agreement and provide a line of credit for print and advertising expenses. In addition, the MGM proposal contains an option for MGM to purchase the film assets of Orion. The terms of the MGM proposal were not disclosed. The proposal, if accepted, would effectively optimize the MGM distribution infrastructure and maximize the value of the Orion library and unreleased motion pictures.
 MGM is involved in the worldwide production and distribution of motion picture and television programs and operates theater chains in Europe.
 -0- 5/12/92
 /CONTACT: Craig A. Parsons of Pondel Parsons & Wilkinson, 310-207-9300, for MGM-Pathe Communications/ CO: MGM-Pathe Communications Co.; Orion Pictures Corp. ST: California IN: ENT SU:


AL-CH -- LA028 -- 9319 05/12/92 16:35 EDT
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:May 12, 1992
Words:174
Previous Article:FLORIDA REGIONAL STOCK REPORT FOR TUESDAY, MAY 12
Next Article:DIGITAL EQUIPMENT AND SYSTEMS STRATEGIES SIGN DEVELOPMENT AND DISTRIBUTION AGREEMENT
Topics:


Related Articles
MGM-PATHE COMMUNICATIONS SAYS IT HAS MADE NO OFFER FOR ANY MOTION PICTURE COMPANY
ORION PICTURES ESTABLISHES DEADLINE FOR SUBMISSION OF PROPOSALS PERTAINING TO ACQUISITION OR REORGANIZATION
ORION PICTURES CORPORATION RECEIVES PROPOSAL FROM MGM-PATHE COMMUNICATIONS CO.
ORION PICTURES ESTABLISHES DEADLINE FOR SUBMISSION OF PROPOSALS PERTAINING TO ACQUISITION OR REORGANIZATION

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters