Paramount Titles Join AOL Video Service

DULLES, October 23: AOL Video has ramped up its content
download offerings with a deal with Paramount Pictures, following similar
agreements with 20th Century Fox, Sony Pictures Home Entertainment, Universal
Pictures and Warner Bros.

AOL Video, which launched in August, is now on track to
reach 300 titles from the major studios on the site by next week, with prices
ranging from $9.99 to $19.99 per title.

The Paramount deals brings a range of TV and film offerings
to AOL Video that can be downloaded and viewed offline on PCs and compatible
portable devices. New releases, TV specials, library hits and cult favorites
will be available from Paramount Pictures including Failure to Launch, Breakfast at Tiffany's and Chinatown at launch and eventually new hits such as Nacho Libre and M:i:III.

"By adding content from Paramount Pictures, as well as
several new branded video-on-demand channels, we continue our commitment to
providing consumers with an all-in-one destination for finding and enjoying
millions of free and pay-to-download videos,” said Kevin Conroy, the EVP of AOL.
"The new partnerships we are announcing today bring even greater breadth,
depth and variety to our ever-growing library of high quality, branded
content.”

"We believe that AOL will be one of the key catalysts
for digital distribution of long-form content given their loyal online
community and broad marketing capabilities,” added Thomas Lesinski, the
president of Paramount Pictures Digital Entertainment. “It is a great vehicle
for extending the reach of Paramount's feature film library to an attractive broadband
customer base.”

AOL Video has also inked new partnerships with BlueHighways
TV, The Employment & Careers Channel, The Hip Hop Hall of Fame, MyPath*TV
and Plum that will offer additional television and other programming over the
coming weeks through the AOL Video portal's online interactive programming
guide (IPG). The AOL Video IPG brings together free and download-to-own video
content and organizes it into video-on-demand channels.