Albany Democrat-Herald from Albany, Oregon • 21

21 'Heaven's Gate' will lose company $29 million 1 'Raiders of the Lost Ark' breaks records SAN PBANCWO (API United" Artists ha ml-M. that (lr ai lra! $3 milium on it Inves'menl In t.h? box office dtsastrr "Heaven's ate," an official of UA's parent cortwration Mid Tuesday. Th firm has "written down" that amount, according to Jane Hall, vice president of corporate relatim at Trio umivtra. She laid a "write down" Is a rw'oHuHkm that an Investment will not recover It cost or earn hal Ihf company anticipated "We spent money, and it not going to get it back," the tatd. UA Invested mr than IH milium in "Heaven' Caic," directed by Michael Cimmo, best known (or "The Drerhunler." The movie wis panned hy critic and hat her a flop al the bo oflice Traiwamertca hat arranged to wll United Arlmii to M(JM tar t'M milium In -'i ami note, with the sale price taking Into account writedown! of film inventories.

Including Gate The transaction it expected to be com pleted during (he third quarter. HOLLYWOOD (AP) Paramount Pictures' summer I khustt-r, "Haiders of the Ark." is break Ing numerous office rrror'ls during its opening week In I fill theaters In the United Stale and Canada, lay a studio eiemtive The highly acclaimed Ce-ie l.u as Steven Spielberg ad -nture film was expected to gross $3 milium Just for its premier weekend, said Paramount iuTtbutmn thief Frank Mancuso on Monday He reported "numerous house records with lines fr per form a nee co or I He added that the film's performance is "-peeialiy Impressive "when you ccnsider that mo "4 cf the ra lion's schools are still in vision The film, a million throw-hack to the Saturday matinee senais of the 1930s and IWs. has received tome of the laudatory reviews since Lm as' row-classic "Mar Wars CIMINO ALBANY DEMOCRAT MfKAlD. WEDNESDAY, JUNE 17, "ml PRICES EFFECTIVE: THURSDAY-SUNDAY o) It 1 "-rmirnniii tV I jE (1 0 MTV. 1 12 OZ, HOUSES GARDEN housM PH0T0f FT" I REPRINTS J)'; iT BRING IN YOUR FAVORITE 1 NEGATIVES).

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TO 5 30 P.M. Bl MART POLICY; "Our firm inttntion Is lo hav ttry dvr1twl IUm, at $CflbtJ In trt ad. in stock and on our rvtts. It an idyciijd ltm it not availablt for purcriatt dua to any untorwtawn rtaon, wt will lsu a rainchwek, on rtquatt, to that you may puechaM tN itam at a later data. Our policy It to tatitty our cuttomart." AD PRICES EFFECTIVE:.