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ORION PICTURES ISSUES STATEMENT

 ORION PICTURES ISSUES STATEMENT
 NEW YORK, Oct. 15 /PRNewswire/ -- Orion Pictures Corporation


(NYSE: OPC) announced today a delay in filing with the Securities and Exchange Commission its Quarterly Report on Form 10-Q for its fiscal quarter ended August 31, 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 work necessary to announce quarterly 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- 10/15/92
 /CONTACT: Paul Wagner of Orion Pictures Corporation, 212-632-5745; or Amy Goldberg of Sitrick And Company, 310-788-2850, for Orion Pictures Corporation/
 (OPC) CO: Orion Pictures Corporation ST: New York IN: ENT SU:


KJ -- LA032 -- 0678 10/15/92 17:16 EDT
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Publication:PR Newswire
Date:Oct 15, 1992
Words:157
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