Hi Lionel. Where was it listed as stock to watch?
News today.
BW0260 JAN 08,1997 15:56 PACIFIC 18:56 EASTERN
( EW)(ORION-PICTURES)(MMG) Orion Pictures Corp., Largo
Entertainment Inc. announce distribution, production pact
Entertainment Editors
LOS ANGELES--(ENTERTAINMENT WIRE)--Jan. 8, 1997--Orion Pictures
Corp., a subsidiary of Metromedia International Group Inc.
(ASE:MMG), and Largo Entertainment Inc., jointly Wednesday announced
that they have entered into an agreement in which Largo has granted
to Orion the domestic distribution rights for all media to two Largo
feature films, "City of Industry" and "This World, Then The
Fireworks."
In addition, the two companies have agreed to co-finance and
distribute a third picture, as yet unidentified, which will be
produced by Brad Krevoy and Steve Stabler, senior executive vice
presidents of Orion Pictures.
The announcement was made by Barr Potter, chairman and CEO of
Largo, and Len White, president and CEO of Metromedia Entertainment
Group and Orion Pictures.
"City of Industry" stars Harvey Keitel, Stephen Dorff, Timothy
Hutton, Famke Janssen, Wade Dominguez, Michael Jai White and Reno
Wilson. The film was directed by John Irvin, written by Ken Solarz,
and produced by Evzen Kolar and Solarz.
"City of Industry" is a post-modern classic `film noir' set in
the criminal subculture of today's Los Angeles. It is a raw, real
and uncompromising story of the primeval obsession of a man whose
trust had been betrayed and who is on a quest for revenge.
"This World, Then The Fireworks," which will be premiered at the
1997 Sundance Film Festival, stars Billy Zane, Gina Gershon, Sheryl
Lee, Rue McClanahan and Seymour Cassel. The film was directed by
Michael Oblowitz, written by Larry Gross, and produced by Chris
Hanley, Brad Wyman and Gross.
"This World, Then The Fireworks" is adapted from one of master
crime-writer Jim Thompson's most riveting and controversial stories.
The movie offers many of the classic elements of crime films -- a
love-triangle murder, a night club shooting, a police dragnet closing
in on the fugitive hero, tough characters on both sides of the law,
bold seduction and fiery love scenes.
Potter said, "We are delighted to be working closely with Orion
in this new distribution, production agreement. Orion's distribution
and marketing expertise will be of great value to Largo as we go
forward with these films. I've long admired Brad Krevoy and Steve
Stabler as producers, who bring to us outstanding credentials and
production know-how which will be invaluable in connection with our
third project."
Krevoy and Stabler said, "We expect to release `City of Industry'
on March 7, 1997, and `This World, Then the Fireworks' later in the
year; production on the third Largo/Orion feature is expected to
commence the summer of 1997. These films are an important part of
Orion's enhanced release slate. All of us look forward to our new
association with Largo which we feel will be extremely beneficial for
both companies."
White said, "We anticipate that our new, important relationship
with Largo Entertainment will lead to a sustained flow of production
and distribution of several major theatrical films."
Orion Pictures is a unit of Metromedia Entertainment Group which
provides marketing, distribution and other services for Orion
Pictures Corp. and Goldwyn Entertainment Co. Largo Entertainment is
a subsidiary of JVC Entertainment Inc., itself a subsidiary of the
Victor Company of Japan Ltd.
--30--jw/la
CONTACT: Orion Pictures
Phillip I. Myers, 310/282-2572
or
For Largo Entertainment
Mort Segal, 213/954-5858
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