EXHIBIT 23.1

                        CONSENT OF INDEPENDENT AUDITORS

    We  consent to the incorporation by  reference in the Registration Statement
on Form  S-8 (No.  33-20039) pertaining  to the  Employee Stock  Option Plan  of
Carolco  Pictures Inc. and the Registration Statement on Form S-8 (No. 33-72116)
pertaining to  the 1989  Stock Option  and Stock  Appreciation Rights  Plan,  as
amended,  of our report  dated March 31,  1993 with respect  to the consolidated
financial statements and schedules included in the Annual Report (Form 10-K)  of
Carolco Pictures Inc. for the year ended December 31, 1993.

                                          ERNST & YOUNG

Los Angeles, California
April 11, 1994