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ORION PICTURES CORP. ANNOUNCES RECORD DATE FOR HOLDERS OF ITS SECURITIES

 ORION PICTURES CORP. ANNOUNCES RECORD DATE
 FOR HOLDERS OF ITS SECURITIES
 NEW YORK, Aug. 28 /PRNewswire/ -- Orion Pictures Corporation (NYSE: OPC) announced today that it has established Tuesday, Sept. 8, 1992, as the record date for determining the holders of its securities entitled to vote on the Joint Consolidated Plan of Reorganization, as amended, originally filed by Orion in July. The Sept. 8 record date will apply to shares of Orion's Common Stock and shares of its Series B Preferred Stock, as well as its 6 percent Class A Senior Subordinated Note Due Feb. 8, 1992, 12 percent Class B Senior Subordinated Note Due Feb. 8, 1992, Senior Subordinated Reset Notes Due Aug. 15, 1998, 10 percent Subordinated Debentures Due Feb. 1, 1994, 11 percent Subordinated Sinking Fund Debentures Due July 1, 1998, and 10 percent Subordinated Sinking Fund Debentures Due March 1, 1999. The record date for Orion's securities is being set now in advance of the mailing of the Plan and related Disclosure Statement to Orion's securityholders and creditors, which will follow approval of the Disclosure Statement by the Bankruptcy Court for the Southern District of New York. A hearing before the Bankruptcy Court with respect to the Disclosure Statement is currently scheduled for Sept. 8, 1992.
 -0- 8/28/92
 /CONTACT: Paul Wagner of Orion Pictures, 212-632-5745; or Jeff Lloyd of Sitrick and Co., 310-788-2850, for Orion Pictures/
 (OPC) CO: Orion Pictures Corp. ST: New York IN: ENT SU:


JB-JL -- LA011 -- 4542 08/28/92 16:04 EDT
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Publication:PR Newswire
Date:Aug 28, 1992
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