EXHIBIT 99.7

FOR IMMEDIATE RELEASE                                           David Van Houten
                                                                  (310) 314-3024


     TRIMARK HOLDINGS, INC. REQUESTS HEARING REGARDING NASDAQ MAINTENANCE
                                 REQUIREMENTS

     SANTA MONICA, CA August 31, 1998--As previously announced on June 19, 1998
by Trimark Holdings, Inc. (TMRK-NASDAQ/NNM), it had received a letter from The
NASDAQ Stock Market, Inc. concerning public float requirements of the Company's
common stock.  The Company has recently requested a hearing with the NASDAQ
Hearings Department to review this issue, which will stay the delisting of the
Company's common stock pending the hearing, the date of which has not been set.
The Company is presently assessing the options available to it to achieve
compliance with the maintenance standard and there can be no assurance that the
hearing will resolve the matter to the Company's satisfaction.  If the common
stock is delisted, its liquidity would be adversely affected.

     Except for the historical information contained herein, certain matters
discussed in this news release, including the continued maintenance of the
Company's common stock on the NASDAQ National Market, are forward-looking
statements, within the meaning of the Private securities Litigation Reform Act
of 1995, that involve risks and uncertainties.  Such forward-looking statements
involve known and unknown risks, uncertainties and other factors which may cause
the actual results, performance or achievements of the Company to be materially
different from any future results, performance or achievements expressed or
implied by such forward-looking statements.  Other matters, uncertainties and
risks are detailed from time to time in the Company's SEC reports, including the
report on Form 10-K for the year ended June 30, 1997 and the Form 10-Q for the
quarter ended March 31, 1998.

     Trimark Holdings is a broad-based entertainment company that acquires,
produces and distributes motion pictures domestically and internationally under
the Trimark Pictures banner; licenses to the broadcast industry under the
Trimark Television moniker; and distributes to the domestic home-video market
under the Trimark Home Video label.