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ORION PICTURES CORPORATION ANNOUNCES DELAY IN FILING WITH THE SECURITIES AND EXCHANGE COMMISSION

 ORION PICTURES CORPORATION ANNOUNCES DELAY IN FILING
 WITH THE SECURITIES AND EXCHANGE COMMISSION
 NEW YORK, May 29 /PRNewswire/ -- Orion Pictures Corporation (NYSE: OPC) announced today a delay in filing with the Securities and Exchange Commission its Annual Report on Form 10-K for its fiscal year ended February 29, 1992, which was due today. The delay resulted from Orion's having filed in December 1991 a petition under chapter 11 of the Bankruptcy Code and its consequent efforts to achieve a financial restructuring of the Company. This resulted in a delay in completing the accounting and auditing work necessary to announce annual financial results.
 Orion is currently working toward completing the delayed report and filing it with the SEC as soon as practicable under present circumstances.
 -0- 5/29/92
 /CONTACT: Paul Wagner of Orion Pictures, 212-632-5745, or Amy Goldberg of Sitrick and Company, 310-788-2850, for Orion Pictures/
 (OPC) CO: Orion Pictures Corp. ST: California IN: ENT SU:


AL-CH -- LA009 -- 5393 05/29/92 18:37 EDT
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Publication:PR Newswire
Date:May 29, 1992
Words:165
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