FOR IMMEDIATE RELEASE Contacts: Cary Brokaw, President and CEO Sheri Halfon, Senior Vice-President 310-996-9800 ROBISON ENTERPRISES, INC. TAKES STAKE IN AVENUE ENTERTAINMENT GROUP Robison Chairman to join Avenue Entertainment Group Board Los Angeles, CA, January 17, 2001 - - Avenue Entertainment Group, Inc. (AMEX: PIX) today announced that Robison Enterprises, Inc., a California based investment company, has agreed to make by private placement a $600,000 investment in Avenue Entertainment Group. The Chairman of Robison Enterprises, Ann L. Chapman, will join Avenue's board of directors. "We are very gratified by Robison's investment in Avenue, and look forward to working together. This is the first of a number of key steps to re-capitalize the company, increase our production activity and implement our plans for strategic growth", said Cary Brokaw, President and CEO of Avenue Entertainment Group, Inc. "We look forward to Ann Chapman's valuable contributions in helping to shape our company's future direction as a member of our board." "Avenue Entertainment Group and Cary Brokaw have an outstanding track record for producing entertainment programming of the highest quality in a variety of formats," said Mrs. Chapman. "Robison Enterprises is pleased and excited to support and participate in the expansion of the company's film and television activity." Robison Enterprises represents a combination of private U.S. and Australian interests with a concentration on media and entertainment. Avenue Entertainment Group is a diversified entertainment company that produces feature films, movies for television and cable, television series and one-hour biography programs. Avenue Pictures, a division of Avenue Entertainment Group, and Brokaw have produced the Academy Award (R) winning Restoration, as well as Robert Altman's Short Cuts and The Player, the later being nominated for five Academy Awards (R), including Best Picture. Brokaw and Avenue have also produced such features as Finding Graceland, Drugstore Cowboy and The Object Of Beauty. The company's most recent cable production is the film version of the Pulitzer Prize winning play, Wit, for HBO starring Emma Thompson and directed by Mike Nichols. Upcoming features include Mindhunters to be financed by Intermedia. Safe Harbor statement under the Private Securities Reform Act of 1995: Except for historical information contained herein, the matters discussed in this press release are forward-looking statements that involve risks and uncertainties, including but not limited to economic, competitive, governmental and technological factors affecting the Company's operations, markets, products and prices, the inherent uncertainty of the film and television production business (in which success of a product depends upon unpredictable and changing factors such as competition and audience acceptance) and other factors discussed in the Company's various filings with the Securities and Exchange Commission. #####