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TWENTIETH CENTURY FOX AND JAMES CAMERON'S LIGHTSTORM SIGN EXCLUSIVE, FIVE-YEAR, 12-PICTURE DEAL VALUED AT MORE THEN $500 MILLION

TWENTIETH CENTURY FOX AND JAMES CAMERON'S LIGHTSTORM SIGN EXCLUSIVE,
 FIVE-YEAR, 12-PICTURE DEAL VALUED AT MORE THEN $500 MILLION
 LOS ANGELES, April 22 /PRNewswire/ -- Twentieth Century Fox and James Cameron's Lightstorm Entertainment have signed an exclusive five- year, 12-picture financing and distribution deal, it was jointly announced by Fox's Chairman Joe Roth and President and Chief Operating Officer Strauss Zelnick and by Lightstorm's Cameron and company head Larry Kasanoff. The deal is valued at more than $500 million and includes the next four films directed by Cameron.
 Under Lightstorm's deal, films can be either produced, directed or written by Cameron with Fox advancing a percentage of the negative cost and distributing all Lightstorm film as wide releases in the United States and Canada. ICM's Chairman Jeff Berg represented Cameron and Lightstorm in this transaction.
 "I actively pursued this deal because I wanted Fox to be in business with James Cameron and Larry Kasanoff, who are among the most talented filmmakers in our business," said Roth. "Every James Cameron film is an event. An exclusive deal for his films over the next five years is a coup for Fox."
 "It's great that Fox is now our domestic distribution partner since I have a real history with the players here," Cameron said. "Tom Sherak and I go back to 'Aliens' together. When I worked with Roger Birnbaum on 'The Abyss,' Andrea Jaffe was my publicist. Joe Roth and Strauss Zelnick have been enormously supportive on both special edition video releases of 'Aliens' and 'The Abyss' as well as our upcoming film, 'The Crowded Room.' Although we ultimately have the right to decide which pictures we will make, we regard the Fox team very much as our creative partners."
 Cameron continued, "Fox quite frankly was the most responsive to the gameplan Larry and I worked out for the company. Joe Roth comes from the independent production world, and he really understood our needs and goals. Also, for me, it's exciting to be working with the only guy in the job who has actually produced and directed films."
 Cameron wrote and directed two films with Fox, "Aliens" and "The Abyss" which earned a combined total of 11 Academy Award nominations. He also served as executive producer of "Point Break" which was distributed by Fox.
 "Larry and I created the architecture for the business plan over a year ago, analyzing the structure and philosphy of those who had gone before us," explained Cameron. "Then we contoured it to our goal of creating a steady, but realistic flow of high-profile, exciting films within a defined, profitable structure."
 "We plan to make the kinds of films we've been producing -- quality entertainment with world appeal. And we are by no means limited to just science fiction," said Kasanoff.
 "This deal, which is the cornerstone upon which we will build our global distribution network, immediately achieves our objectives of turning Lightstorm into a self-contained motion picture/entertainment company," said Kasanoff.
 Fox controls domestic distribution rights including theatrical, video and television with Lightstorm retaining foreign distribution and ancillary rights such as music and merchandising. "We are in the process of finalizing foreign film distribution and worldwide ancillary rights partnerships," said Kasanoff. "We will announce these deals in the near future."
 "Jeff Berg was indispensable in presenting the deal and guiding it to a close," Cameron added. "He was assisted by ICM Vice President of Business Affairs Stuart Kleinman and Lightstorm's attorney, Matt Saver."
 "This deal has extraordinary significance in the industry," said ICM's Berg. "Lightstorm is guided by a filmmaker who has built a business. Other artists can now benefit from the economic structure that Jim and Larry have put in place."
 There is one Cameron-directed exclusion for a pre-existing Carolco commitment.
 Lightstorm Entertainment, formed two years ago, produced 1991's top- grossing film, "Terminator 2: Judgment Day." Winning four Academy Awards, "T-2" has grossed almost $500 million worldwide, making it one of the top 10 grossing movies in history and the highest-grossing R- rated movie ever.
 Twentieth Century Fox is primarily engaged in the financing, development, production, distribution and marketing of motion pictures throughout the world and is a unit of Fox Inc.
 -0- 4/22/92
 /CONTACT: Andrea Jaffe of Twentieth Century Fox, 213-203-4227/ CO: Twentieth Century Fox; Lightstorm Entertainment ST: California IN: ENT SU:


CH-KJ -- LA019 -- 1329 04/22/92 13:34 EDT
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Date:Apr 22, 1992
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