Orion Seeks New Financing: Orion Pictures Corp.,...

Orion Seeks New Financing: Orion Pictures Corp., suffering from poor box office receipts and the lowering of its debt rating, has hired Salomon Bros. to assist “in evaluating strategic alternatives . . . “ Orion hopes to line up equity funding from domestic and international backers within six to nine months. The company lost $2.5 million on revenue of $110 million in its most recent quarter ended Aug. 31, and has more than $400 million in debt.