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METROMEDIA, ORION PICTURES FORM PRODUCTION FINANCE COMPANY

 LOS ANGELES, July 19 /PRNewswire/ -- Orion Pictures Corporation (NASDAQ: ORPC) announced today that it and Metromedia Company are in the process of forming a Partnership to fund the production of motion pictures which will be distributed by Orion Pictures Corporation.
 The Partnership, called Orion Productions Company, will be jointly owned by an Orion Pictures subsidiary and an affiliate of Metromedia.
 Orion Productions Company will be based at Orion's headquarters office in Century City and initially will be managed by Len White, Orion Pictures President and Chief Executive Officer.
 White said, "We expect that Orion Productions Company will become an important factor in the financing and acquisition of motion pictures which will be made available to all media, including theatrical, home video, and pay and free TV, in both domestic and foreign markets."
 -0- 7/19/93
 /CONTACT: Phillip Myers of Sitrick And Company, 310-788-2850, for Orion/
 (ORPC)


CO: Orion Pictures Corp.; Metromedia Company ST: California IN: ENT SU: JVN

JB-MF -- LA029 -- 3228 07/19/93 16:17 EDT
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Publication:PR Newswire
Date:Jul 19, 1993
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