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INTERNATIONAL MOVIE GROUP REPORTS FOURTH QUARTER AND FISCAL YEAR RESULTS

 INTERNATIONAL MOVIE GROUP REPORTS FOURTH QUARTER
 AND FISCAL YEAR RESULTS
 LOS ANGELES, Calif., Oct. 6 /PRNewswire/ -- International Movie Group (AMEX: IMV) today reported results for the fourth quarter and year ended June 30, 1992.
 Revenue for the quarter was $9,151,000 vs. $9,673,000 for the same period the previous year. Net income was $738,000, or $.06 per share, as compared with $1,114,000, or $.09 per share.
 For the 1992 fiscal year, revenue was $13,586,000 as compared with $18,325,000. Net income was $353,000, or $.04 per share, vs. $1,556,000, or $.18 per share.
 "Despite rather turbulent times from a financial standpoint in the motion picture industry, we are reporting a profit for the fifth straight year. During the fourth quarter we released five new motion pictures and recognized revenue from exploitation of our other 28 titles, primarily in the pay and free television markets," said Peter E. Strauss, chairman and chief executive officer. "Although we released the same number of pictures this year as last, revenues were down because five of the pictures were delivered late in the fourth quarter. As a results, we will recognize the remainder of the sales for these pictures during our 1993 fiscal year and expect 1993 to be more favorable. We will also continue to recognize revenue from the exploitation of our film library in the television market in 1993 fiscal year and expect delivery of two to six additional films."
 The number of weighted average shares used in the earnings per share calculation increased by almost 1,500,000 from 1991 to 1992 primarily as a result of the conversion of convertible debentures.
 Headquartered in Los Angeles, International Movie Group, through its wholly owned subsidiary, The Movie Group Inc., specializes in the distribution of English-language motion pictures to some 52 countries. The company has distributed to date 33 motion pictures.
 INTERNATIONAL MOVIE GROUP
 Summary of Income Data
 Three Months 12 Months
 Ended June 30, Ended June 30,
 1992 1991 1992 1991
 Revenues $9,150,948 $9,672,738 $13,585,749 $18,325,315
 Operating costs 6,995,379 7,028,187 11,345,814 14,241,835
 Operating income 2,155,569 2,644,551 2,239,935 4,083,480
 Interest expense 872,644 848,607 2,807,258 2,508,891
 Interest income
 and other 403,681 409,923 1,612,240 1,269,046
 Income before
 taxes 1,686,606 2,205,867 1,044,917 2,843,635
 Income taxes 949,067 1,091,998 692,391 1,287,998
 Net income $737,539 $1,113,869 $352,526 $1,555,637
 Net income per
 share -- primary $0.08 $0.13 $0.04 $0.20
 Net income per
 share --
 fully diluted $0.06 $0.09 $0.04 $0.18
 -0- 10/6/92
 /CONTACT: Steve Richards of International Movie Group, 310-556-2830/
 (IMV) CO: International Movie Group ST: California IN: ENT SU: ERN


JB-KJ -- LA011 -- 6899 10/06/92 08:00 EDT
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Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Date:Oct 6, 1992
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