MGM Channel to Launch in Bulgaria

SOFIA/LOS ANGELES,
September 24: MGM Networks has signed an agreement with Warburg Pincus-backed
Eurocom, the largest cable operator in the Bulgarian capital of Sofia, to
launch a local-language version of The MGM Channel in the region next month.

The MGM Channel, a
wholly-owned subsidiary of MGM, will be included in Eurocom’s analog
basic-cable package and will be subtitled in Bulgarian. The channel will
feature a wide selection of titles from MGM’s movie catalogue.

The MGM
Channel’s launch in Bulgaria is part of an aggressive and successful expansion
drive for the network across Central and Eastern Europe. Starting with the
launch in late 2004 of a wholly-owned Russian-language service on Russian DTH
platform NTV Plus, MGM-branded channels have launched across the former Eastern
bloc, including debuts last year of locally-versioned channels now reaching several
million subscribers across Hungary, the Czech Republic, Slovakia and Romania
(through a joint venture with Liberty Global’s Chellomedia division), as well
as a high-definition version of the MGM Channel in Poland through a partnership
with Polish media company ITI.

“MGM
Networks has been on a roll across Central and Eastern Europe,” stated Bruce
Tuchman, the executive VP of MGM Networks. “Starting from scratch just a few
years ago, we have built a vibrant collection of locally versioned MGM branded channels
now reaching most of the countries in the region. We are very pleased to have
Eurocom on board for our launch into Bulgaria, and we are excited to tap into
further distribution opportunities as we move forward in this growing market
and across the region.”