MPCA founders face uncertain futures

With MGM acquiring Metromedia’s production and distribution assets, the futures of Motion Picture Corp. of America founders Brad Krevoy and Steve Stabler are uncertain. The 40-somethings who started MPCA and also became senior exec VPs of Orion Pictures when John Kluge’s Metromedia group bought the company in 1995, are expected to go their separate ways after an 11-year relationship. Together, the two (who both graduated from Beverly Hills High School) built a 40-picture library of mainly direct-to-video pictures. They produced the box office hit “Dumb and Dumber” in 1995 and more recently “The War at Home,” “Biodome,” “Kingpin,” and “Beverly Hills Ninja.” MPCA’s deal with Paramount Pictures also will not be renewed when the contract expires. MPCA signed a non-exclusive three-year, first-look deal with Par on Nov. 1, 1995. Neither Krevoy nor Stabler would comment, however a spokesman for the company said: “As I understand it, Brad and Steve are both under contract to Metromedia which has transferred to new ownership. It would be premature to talk about any next step.”

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