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Robert L. Friedman, Former President of Columbia Pictures Distribution & Exec. VP of United Artists Distribution, Named President & CEO of Stereo Vision.

Business and Entertainment Editors

BEVERLY HILLS, Calif.--(BUSINESS WIRE)--Nov. 15, 2000

Robert L. Friedman, former president of Columbia Pictures distribution and executive vice-president of United Artists distribution, has been named president and CEO of Stereo Vision Entertainment, the new publicly traded (sym:SVED) multimedia production and technological development entertainment company with headquarters in Beverly Hills, it was announced today by Stereo Vision's chairman, Tom Noonan.

In the newly created position, Friedman will be responsible for interfacing with the motion pictures studios, independents and major theater circuits, developing motion picture scripts with writers and directors, overseeing their production, marketing and distribution, and managing the overall global operation of the company. Friedman has a mandate to immediately hire a top CFO and COO, and to fully staff the company's various positions.

Friedman, most recently president of the AMC Entertainment Motion Picture Group and industry consultant, will continue as special adviser to the investment banking firm of Chanin Capital Partners and the Ray-Art Motion Picture and Television Studios in addition to other key motion picture production entities.

Known as one of the industry's top motion picture executives, Friedman's reputation is based on an impressive track record of major box-office and film franchises, including the series of James Bond, Pink Panther and Rocky films, and numerous Academy Award-nominated and winning films, including "Apocalypse Now," "Annie Hall," "Kramer vs. Kramer," and "One Flew Over the Cuckoo's Nest." He has had a long and close relationship with numerous industry creative talents, including Woody Allen, Blake Edwards, Francis Ford Coppola, Steven Spielberg, Richard Zanuck, Saul Zaentz and Robert Rehme, among others.

"We are extremely pleased to have secured a film executive of Bob's stature and reputation to run our company," said Chairman Noonan.

Stereo Vision is a worldwide entertainment company with holdings in 3-D, independent film production, industry technology development and music production, publishing and distribution. It will also be active in pursuing and developing television and Internet content, and satellite broadcasting services.

Friedman is a board member of the executive division of the Academy of Motion Picture Arts and Sciences, and on the boards of directors of the Will Rogers Hospital, the Variety Club of Southern California, DARE America and Motion Picture Pioneers.

Stereo Vision Entertainment Inc.,, is located at 130 S. El Camino Dr., Beverly Hills, Calif. 90212; telephone: 310/205-7998; fax: 310/205-5568.

Safe Harbor Statement

Under the Private Securities Litigation Reform Act of 1995: Statements in this press release that are not historical facts, including statements about plans and expectations regarding businesses and opportunities, demand and acceptance of new and existing businesses, capital resources, and future financial condition and results, are forward looking. Forward-looking statements involve risks and uncertainties and risks include changing consumer preferences, lack of success of new businesses, loss of customers, competition and other factors discussed from time to time in filings with the Securities and Exchange Commission.
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Publication:Business Wire
Geographic Code:1USA
Date:Nov 15, 2000
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