Universal and Relativity Extend Agreement

UNIVERSAL CITY, September
25: Relativity Media and Universal Pictures have extended and expanded their
co-financing partnership through 2015. This will cover the majority of
Universal's slate up until that time.

Building on the success
of their already established equity partnership, which has funded recent films
such as Mamma Mia!, The
Mummy: Tomb Of The Dragon
Emperor, and Hellboy II: The
Golden Army, the expanded
relationship is expected to fund 10-15 films per year and will provide billions
of dollars of financing during the term.

"We've had
tremendous success with Universal," said Ryan Kavanaugh, the CEO of
Relativity Media. "Our deal has been very profitable to date and the
Universal creative, marketing and distribution team is unparalleled. They are
true partners."

The agreement represents
a significant long-term commitment by Relativity Media to Universal Pictures,
as its financing entity Relativity Capital Holdings will co-finance
approximately 75 percent of Universal's upcoming releases.

“Universal is pleased to
further expand its existing relationship with Relativity,” said Michael Joe,
the executive VP of Universal Pictures.
“We have had a genuine collaborative partnership to date, and we look
forward to expanding on our ambitions together in the future. Their commitment
to us means that we can continue to do what we do best: Develop quality movies
that appeal to filmgoers across the globe.”

Relativity Capital
Holdings is a partnership between Elliott Associates, L.P., a New York- based
private investment firm, and Relativity Media LLC and acts as the financing
entity for Relativity. It currently has a multi-billion dollar balance sheet
and is in the business of financing and acquiring media assets.

—Anna Carugati