MOVIES - April 28, 1989

Management Company Entertainment Group Inc. announced plans Thursday to finance and produce at least one film directed by a graduate of USC’s School of Cinema-Television and to develop at least one student screenplay each year. The entertainment company also plans to underwrite most of the costs of USC’s twice-yearly student film festival (24 student films will be debuted at the inaugural festival, June 13-22), according to Jonathan D. Krane, the company’s chairman and chief executive officer. “I’m always looking to sign up young talent,” said Krane, who said he had wanted to formalize a relationship with USC because “students (are) coming out of there knowing how to make films, knowing how to realize their vision on the screen.”