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ORION RECEIVES PROPOSAL FROM REPUBLIC PICTURES

 ORION RECEIVES PROPOSAL FROM REPUBLIC PICTURES
 NEW YORK, May 7 /PRNewswire/ -- Orion Pictures Corporation


(NYSE: OPC) announced today that it has received a preliminary proposal from Republic Pictures (NASDAQ: RPICA) to reorganize Orion.
 The proposal is under review by Orion's advisors and board of directors, and Orion will discuss the proposal with the company's various creditors.
 -0- 5/7/92
 /CONTACT: Paul Wagner of Orion Pictures, 212-632-5745, or Jeff Lloyd of Sitrick and Company, 310-788-2850, for Orion Pictures/
 (OPC RPICA) CO: Orion Pictures Corporation; Republic Pictures ST: New York, California IN: ENT SU:


TQ-TS -- NY017 -- 7465 05/07/92 09:28 EDT
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No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:May 7, 1992
Words:102
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