MGM Networks Launches Second Korean Channel

Deal Demonstrates Accelerating Pace of Growth for MGM Networks in Asia

MGM Networks, a unit of Metro-Goldwyn-Mayer Inc. (NYSE: MGM), announced today that it has signed a distribution agreement for the MGM Plus channel, a second branded network on South Korea's Skylife DTH satellite service.

( Logo: http://www.newscom.com/cgi-bin/prnh/20011119/MGMLOGO )

MGM Plus will complement the existing MGM Channel with a different mix of programming from MGM's storied film library and select local Korean productions.

Both networks will be carried on Skylife, the country's first direct-to-home satellite TV service. Skylife will air the MGM networks 24 hours a day, seven days a week, in Korean.

"Since the launch of our first Korean channel last year, we have seen impressive subscriber growth and developed a strong connection with viewers," said Bruce Tuchman, MGM Networks' executive vice president. "In launching a second localized channel in South Korea, we will build on those accomplishments. We're particularly excited about our progress so far because MGM has earmarked Asia as a key growth region."

The launch of a second South Korean channel is the latest of several recent MGM Networks announcements, including the MGM Channel's Hong Kong launch and a strategic alliance with CNBC Asia Pacific. MGM Networks has been expanding quickly worldwide, its channel interests more than quadrupling the past two years to about 100 countries on six continents.

MGM Networks' second Korean channel, as with all MGM channels, uniquely benefits from access to MGM's unparalleled 4,000-title library, the world's largest collection of modern-era film, including "Hannibal," "Legally Blonde," "Get Shorty," "The Birdcage," "Thelma & Louise," "Rain Man," "The Silence of the Lambs," "Fargo," "Four Weddings and a Funeral," "Midnight Cowboy," "Moonstruck," "West Side Story," "The Manchurian Candidate," 19 Woody Allen pictures and the "Rocky" and "Pink Panther" franchises.

About Metro-Goldwyn-Mayer Inc.

Metro-Goldwyn-Mayer Inc. (NYSE: MGM), through its Metro-Goldwyn-Mayer Studios Inc. subsidiary, is actively engaged in the worldwide production and distribution of entertainment product, including motion pictures, television programming, home video, interactive media, music and licensed merchandise. The Company owns the largest modern film library in the world, consisting of approximately 4,000 titles. Its operating units include MGM Pictures, United Artists, MGM Television Entertainment, MGM Networks, MGM Distribution Co., MGM Worldwide Television Distribution, MGM Home Entertainment, MGM On Stage, MGM Consumer Products, MGM Music, MGM Interactive and MGM Online. In addition, MGM has ownership interest in international television channels reaching approximately 100 countries around the globe. For more information on MGM, visit MGM Online at http://www.mgm.com

For further information, please contact: David Bloom, VP, Corporate Communications of Metro-Goldwyn-Mayer Studios Inc., +1-310-449-3660, [email protected]

SOURCE: Metro-Goldwyn-Mayer Inc.

CONTACT: David Bloom, VP

Corporate Communications of Metro-Goldwyn-Mayer Studios Inc.

+1-310-449-3660 or [email protected]

FCMN Contact: [email protected]

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AP Archive: http://photoarchive.ap.org

PRN Photo Desk: [email protected]

Web site: http://www.mgm.com

--Distributed by AsiaNet (www.asianetnews.net)--

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