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Pioneer to Pay Phoenix for Rights

March 05, 1997

Phoenix Pictures said Pioneer Electronics of Japan has agreed to provide the company between $60 million and $75 million in exchange for the exclusive rights in Japan for nine Phoenix-produced films over 15 years.

Films will include "Amy Foster," "U-Turn," "Apt Pupil" and "The Thin Red Line."

Phoenix is a Los Angeles production company headed by veteran film executive Mike Medavoy and Arnold Messer.

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