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The MGM Channel to Launch in Spain MGM Networks Strikes Venture with Media Park, Spain's Leading Channel Provider, to Launch Localized Channel This Summer LOS ANGELES and BARCELONA, Spain, May 26 /PRNewswire-FirstCall/ -- MGM Networks, a unit of Metro-Goldwyn-Mayer Inc. (NYSE:MGM) and Media Park, S.A. announced an agreement to launch and distribute a localized MGM channel to subscribers across Spain beginning this summer. (Logo: http://www.newscom.com/cgi-bin/prnh/20011119/MGMLOGO) The channel will be dubbed into Castilian Spanish. To further enhance Media Park's current offering of seven channels to Spanish multi-channel subscribers, MGM Networks and Media Park will re-launch and re-brand Media Park's existing "canalstar" channel as the MGM Channel. This MGM-branded re-launch will allow the channel to reach a significant Spanish subscriber base from its first day. The MGM Channel in Spain will transmit from Media Park's facilities in Barcelona, presenting round-the-clock offerings from MGM's celebrated 4,000-title library, the world's largest library of modern films. Planned offerings include the five "Rocky" films, "Sex, Lies and Videotape," "The Manchurian Candidate," "The Basketball Diaries," Fellini's "Roma," "Rush," "The Misfits," "The Pope of Greenwich Village," "La Cage aux Folles," "Drugstore Cowboy" and "Sweet Smell of Success." With this deal, MGM Networks now has channel interests in 110 countries, more than quadrupling its worldwide holdings the past three years. MGM's reach in Western Europe includes branded channels that air in Germany, Austria, Switzerland, Liechtenstein, The Netherlands, Greece, Portugal, Cyprus, Iceland and Malta, and branded programming blocks in Scandinavia and France. Other holdings operate across North and South America, Europe, Africa and the Asia/Pacific region, through MGM-branded channels on cable, satellite and other pay-TV systems. "Spain is a vital multichannel market that we have been eager to tap," said Bruce Tuchman, MGM Networks executive vice president. "Media Park is an ideal company to partner with, because their local presence and know-how are top notch. Together, we have the unique ability to get behind a compelling, locally versioned channel driven by the MGM library and distinguished by the legendary Roaring Lion Logo." "The agreement reached between Media Park, S.A. and MGM Networks, which will join the renowned MGM Channel with Media Park's other superb channel offerings, along with the indisputable value of the MGM Channel's film content and worldwide brand recognition, are the best guarantees that we can provide of our quality and market reliability, as well as a clear example of our position in the Spanish TV market," said Xavier Molinas, Media Park's general manager. 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 world's largest library of modern films, comprised of about 4,000 titles. 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 Direct. In addition, MGM has interests in television channels and branded-programming blocks that reach 110 countries and territories around the world. For more information, visit http://www.mgm.com/. About Media Park, S.A. Media Park is an independent Catalan audiovisual company, specializing in the production and commercialization of content for digital television, producing seven thematic channels reaching almost 1 million subscribers. Media Park, Spain's first audiovisual business park, also offers integrated production services and within its installations, one of the country's largest and best-equipped studios. Media Park shareholders include IBERDROLA, who with 76.12% is the major shareholder, Skandia Media Invest (12.555), Telefonica (7.4%), TVC Multimedia (2.68%), Antena 3 Television (0.94%) and Philips Iberica ((0.31%). More information can be found at http://www.mediapark.es/. For further information, please contact: United States and International, David Bloom of Metro-Goldwyn-Mayer Studios Inc., +1-310-449-3660, ; or in Spain, Departamento de Comunicacion, Media Park S.A., +34-93-480-61-00, . http://www.newscom.com/cgi-bin/prnh/20011119/MGMLOGO http://photoarchive.ap.org/ DATASOURCE: MGM Networks CONTACT: United States and International, David Bloom of Metro-Goldwyn-Mayer Studios Inc., +1-310-449-3660, ; or in Spain, Departamento de Comunicacion, Media Park S.A., +34-93-480-61-00, Web site: http://www.mgm.com/ http://www.mediapark.es/

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