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To: ChrisJP who wrote (92442)	9/25/2001 10:36:27 AM
From: Susie924	Respond to of 150070

MFLM Tuesday September 25, 10:08 am Eastern Time Press Release SOURCE: Magellan Filmed Entertainment Magellan Filmed Entertainment Announces Intitial Revenue From Franchise Pictures in the Amount of $200,000.00 KIRKLAND, Wash--(BUSINESS WIRE)--Sept. 25, 2001--Magellan Filmed Entertainment Inc. (OTCBB:MFLM - news) is pleased to announce receipt of the first incremental revenue check from Franchise Pictures in the amount of $200,000.00. Franchise Pictures is handling the foreign sales potential for ``Rennie's Landing'' and expects revenue to reach 1.3 million. This does not include domestic sales revenue deal. ``We are extremely pleased to have revenue from our production of 'Rennie's Landing'. This is the beginning of a long awaited revenue stream from our first full length motion picture,'' said Magellan CEO Pat Charles. Revenue from the foreign distribution will be coming in incrementally over the next several months. The revenue is advances against rights instead of straight buyouts, allowing Magellan through Franchise to benefit from any overseas success of the film. This revenue will allow escalation of future projects. Currently, Magellan has a slate of films scheduled, including Laughter In The Dark, You Can't Win, Dog Eat Dog, Tuesday's Letters, to name a few. Several Key foreign territories have been sold with other opportunities being negotiated. Magellan's management is very pleased with its long-term relationship with Franchise. Franchise ``brings'' major market exposure to Magellan. Catch Me If You Can is still set to enter into production during the first quarter of the New Year. As reported in the industry trades Magellan has moved from producer to Executive Producer to allow the opportunity for Steven Spielberg to produce and direct this property. About Magellan Magellan is a Seattle based entertainment company specializing in productions for the entertainment industry. Presently the company is producing films with moderate budgets that they are handling themselves. The company also has a number of high profile films which they will partner with the Studios to produce. The first production Rennie's Landing is ``in the can'' and currently out for distribution. The ``trailer'' for the movie can be viewed at the film's WEB site at www.RenningsLandingFilm.com. Magellan is a Seattle based entertainment company specializing in productions for the entertainment industry with moderate budgets. The first production Rennie's Landing is ``in the can'' and currently out for distribution. The ``trailer'' for the movie can be viewed at the film's WEB site at www.RenningsLandingFilm.com. This press release contains forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Act of 1995. Expression of future goals and similar expressions reflecting something other than historical fact involve risks and uncertainties. The actual results the company achieves may differ materially from any forward-looking statements due to such risks and uncertainties. To find out more about the company's stock logon to www.otcinfo.net. -------------------------------------------------------------------------------- Contact: Magellan Filmed Entertainment Cory Weber, 800/549-6546 www.MagellanFilmed.com