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PARAMOUNT ANNOUNCES AGREEMENT WITH ALAN LADD JR.

 HOLLYWOOD, Aug. 19 /PRNewswire/ -- Alan Ladd Jr. has signed an exclusive three-year agreement to develop and produce motion pictures for Paramount Pictures, it was announced today by Motion Picture Group Chairman Sherry Lansing and Group President/Production John Goldwyn.
 "I'm delighted to welcome Laddie to Paramount," Lansing said. "His relationships, unique industry experience, and remarkable successes will be an incredible asset to the studio."
 "Laddie's contribution to this industry has been extraordinary," said Goldwyn. "I'm thrilled to be reunited with him and can't wait to move ahead on his projects here at Paramount."
 "I'm eager to get started producing exciting films with my new partners, Sherry Lansing and John Goldwyn," Ladd said. "My intention is to produce as many as three to five films a year."
 Ladd recently left his position as chairman and chief executive officer of Metro-Goldwyn-Mayer Inc., a post he had held since November 1990. During his tenure MGM produced such acclaimed films as "Thelma and Louise."
 In 1989, he was named co-chairman of Pathe Communications Corp., and chairman and chief executive officer of Pathe Entertainment.
 Before that, Ladd ran MGM from 1985 to 1988, being appointed president and chief operating officer of MGM/UA Entertainment Film Corp. in 1985. In 1986 he was upped to chairman of the board and chief executive officer of Metro-Goldwyn-Mayer Pictures Inc. During that time at MGM, he was responsible for such screen successes as "Moonstruck" and "A Fish Called Wanda."
 Prior to that, he operated his independent production company, The Ladd Co., beginning in 1979. Among other films, the company produced the Academy Award-winning "Chariots of Fire," "The Right Stuff," "Body Heat," "Blade Runner," and the "Police Academy" series.
 Before that, Ladd was an executive at 20th Century-Fox, starting there in 1973 as head of feature creative affairs. He rose through the ranks as vice president and vice president of worldwide production and was finally named president of 20th Century-Fox Pictures in 1976. Among the films Ladd was responsible for as Fox chief were the blockbusters "Star Wars" and "The Empire Strikes Back" as well as "Julia," "The Turning Point," "Alien," "Breaking Away," "Norma Rae" and "All That Jazz."
 Earlier Ladd was an independent producer after having started his career in 1963 as an agent with Creative Management Associates.
 His father was the legendary motion picture actor Alan Ladd, who was under contract to Paramount for over 15 years.
 Paramount Pictures is part of the entertainment operations of Paramount Communications Inc.
 -0- 8/19/93
 /CONTACT: Cheryl Boone Isaacs of Paramount Pictures, 213-956-5504/


CO: Paramount Pictures Corp. ST: California IN: ENT SU: PER

JB-BP -- LA024 -- 4437 08/19/93 15:31 EDT
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Publication:PR Newswire
Date:Aug 19, 1993
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