MGM, Verizon FiOS in New HD Carriage Deal

LOS ANGELES, January 24: Metro-Goldwyn-Mayer Studios (MGM)
has secured additional carriage for its new MGM HD Channel, featuring classic
and contemporary films in high definition, on Verizon’s FiOS TV service.

MGM HD will be rolled out in late 2008 across all of the
Verizon FiOS TV systems including California, Delaware, Florida, Indiana,
Maryland, Massachusetts, New Jersey, New York, Oregon, Pennsylvania, Rhode
Island, Texas and Virginia.

MGM HD, the studio’s first wholly owned channel in the U.S.,
launched on DIRECTV in October 2007. Chairman and CEO Harry Sloan’s initiative
is to launch MGM-branded HD channels around the world. The channel is also
expected to feature exclusive behind-the-scenes coverage of red carpet events,
sneak peeks at new films in production, seasonal promotions and world premieres
of newly re-mastered hits from the MGM library.

“The response to the MGM HD Channel, even in today’s crowded
and challenging marketplace, has been very encouraging, especially as consumers
validate our belief that HDTV owners value movies along with sports as HD’s
greatest viewing proposition,” said Douglas A. Lee, the executive VP of
worldwide digital media for MGM. “We are one of the only services available
24/7 in full 1080i HD.”

—By Irene Lew