COMPANY TOWN

Studios: Billionaire John Kluge, seeking to revive Orion Pictures, is buying movie producer Motion Picture Corp. of America for $32.5 million. The company, headed by Bradley R. Krevoy and Steven Stabler, is best known for producing the Jim Carrey hit comedy “Dumb and Dumber” that was distributed by New Line Cinema. As part of the deal, Krevoy and Stabler will be put in charge of production for Orion, and will try to revive the company’s filmmaking efforts. Their company will continue its three-year producing relationship with Paramount Pictures, which has first shot at projects they are developing.