MGM Networks to Launch Dutch Version of Movie Channel

AMSTERDAM/LOS ANGELES, June 25: In cooperation with Liberty
Global’s Chellomedia division, MGM Networks, a division of Metro-Goldwyn-Mayer
Studios, will launch a Dutch version of the MGM Channel for local audiences in
the Netherlands and Flemish-speaking Belgium.

Wholly owned by MGM, the new channel will launch this
September. Subtitled in Dutch with on-air packaging targeted to the local
market, the new MGM channel will feature a selection of films from the MGM
library, including contemporary hit movies like Get Shorty, Manhattan and The Birdcage as well
as classics such as like West Side Story and Some Like It Hot.

The new Dutch version will replace the existing
English-language edition of the MGM Channel that is currently carried on all
major cable systems in the Netherlands. In addition, following the launch of
the Dutch channel, both companies also plan to offer an accompanying
MGM-branded SVOD service.

Chellomedia will represent the Dutch version of the MGM
Channel to distributors moving forward. This is in line with Chellomedia’s
agreement to locally version the channel under MGM Networks’ auspices and for
playout from Chellomedia’s Digital Media Centre (DMC) in Amsterdam.

Bruce Tuchman, the executive VP of MGM Networks at
Metro-Goldwyn-Mayer Studios, commented: “In just a few short years in the
market, the number of MGM Channel subscribers and MSO clients have grown
exponentially and we are seeing what we believe is the early stages of a significant
growth curve in digital penetration. Capitalizing on these growth
opportunities, we are very enthusiastic about our future in the Netherlands and
expect this new channel offering to mirror the success we've had with
Chellomedia and Liberty Global in other European markets.”

Localized versions of the MGM Channel are available in
approximately 120 countries and territories around the world. The Dutch version
follows the rollout of localized channels in Poland, Hungary, the Czech
Republic, Slovakia, Romania and a number of burgeoning markets in Asia.