Company Press Release
Date: 19 March, 1998
SOURCE: Walt Disney Pictures
Walt Disney Pictures Extends Its First Look Agreement With DIC Films

BURBANK, Calif., March 19 /PRNewswire/ -- Walt Disney Pictures has agreed
to extend its first-look arrangement with DIC Films for an additional two
years, it was announced today (3/19) by David Vogel, president of Walt
Disney Pictures and Hollywood Pictures. Under the terms of the deal, DIC
Films will continue to develop and produce motion pictures on a first-look
basis for Disney. A division of DIC Entertainment, DIC Films is headed by
Aaron Meyerson, vice president of motion pictures, who oversees live-action
motion picture development and production for the company. That division
was formed in 1995 by Meyerson and Artie Ripp, who continues to serve as a
consultant. Noah Rosen holds the post of director of development for DIC
Films. DIC Entertainment is owned by ABC TV, which became part of The Walt
Disney Company in 1996.

Disney's first joint effort with DIC Films is "Meet the Deedles," an
outrageous family comedy due for release on March 27th and starring Dennis
Hopper, Paul Walker and Steve Van Wormer. Produced by Meyerson and Dale
Pollock and directed by Steve Boyum, the film follows the misadventures of
two surfer dude brothers who find themselves in hot water when they become
rookie rangers at Yellowstone Park and uncover a plot to turn off Old
Faithful. Among their other projects with Disney, DIC Films is joining
with producer Jordan Kerner to bring "Inspector Gadget" (based on DIC's
popular 1980's animated series about the humbling detective) to the big
screen for the Summer of 1999.

DIC Films is also developing the following projects for Disney: "Where
In the World is Carmen Sandiego?", in association with Sandra Bullock's
Fortis Films banner; "Sailor Moon", a live-action feature based on the
Japanese primetime anime phenomenon and set to star Geena Davis;
"Beardstown Ladies", a film about an unlikely group of female financial
wizards from Illinois who authored three best-selling investment guides;
and "Genius", an original movie for The Disney Channel being produced by
Aaron Meyerson and Tom Schulman ("Dead Poets Society", "Honey, I Shrunk
the Kids") based on a pitch by Myerson and John Rieck.

Commenting on the announcement, Vogel said, "We're very pleased to be
extending our relationship with Aaron Meyerson and the folks at DIC Films
and continue to be impressed with the projects they have brought to us.
When it comes to family entertainment, they have great sensibilities which
makes them ideal partners for the Disney banner. Our first project, 'Meet
the Deedles,' was lots of fun to make and we look forward to other
collaborations in the future."

DIC Films was started in 1995 under the leadership of DIC Entertainment
president Andy Heyward and company consultant/representative Artie Ripp.
At that same time, Aaron Meyerson was hired to run the division in his
role as vice president, production and development. Prior to joining DIC
Films, Meyerson was executive producer of the smash hit "Dumb and Dumber",
a project that he brought to New Line Cinema while serving as vice
president of production. That film went on to gross over $250 million at
the worldwide box office. Additionally, he served as executive producer of
"National Lampoon's Senior Trip" and associate produced "Above the Rim" and
the telefilm, "12:01".

Meyerson began his industry career in 1989 with The Walt Disney Studios as
a creative executive with Touchstone Pictures, where he worked on "Up Close
and Personal". In 1990, he began a four year association with New Line as a
creative executive and was subsequently promoted to director of development
and vice president of production.

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