ENTERTAINMENT

Orion Files Reorganization Plan: Orion Pictures Corp. said it has filed a reorganization plan in U.S. bankruptcy court that would reduce Metromedia Corp.’s stake in the studio to 50.1%. Orion revealed the components of the plan in early June after saying it had reached an accord with its biggest shareholder and some creditors. The proposal must now be approved by other creditors and the bankruptcy court. Orion filed for federal bankruptcy protection from creditors in December, citing more than $700 million in debts.