Verizon Signs Agreement With IMF: The International Music Feed Network

Verizon FiOS TV to Offer IMF’s Music Video Channel and the IMF On-Demand Library of Music Videos

June 27, 2006, NEW YORK -- Verizon today announced an agreement with IMF: The International Music Feed Network, the 24-hour music television network featuring hit music from the United States and around the world. IMF will supply its innovative music video channel and on-demand programming for Verizon’s fiber-optic-powered television service, FiOS TV.

Under the terms of the agreement, Verizon will offer the IMF channel in its FiOS TV Premier package and provide on-demand IMF programming and individual music videos. FiOS TV customers soon will be able to choose from 1,000 music videos and IMF music programs, performances and specials representing an unprecedented 100 hours of programming per month. TVN, Verizon’s video-on-demand transport agent, is coordinating the delivery of the content.

“IMF will deliver an extensive lineup of top domestic and international music videos to FiOS TV customers, advancing our already strong commitment to content choice and diversity,” said Terry Denson, vice president of FiOS TV content strategy and acquisition. “It’s another way we differentiate ourselves in our markets and add value to our FiOS TV service.”

IMF President Andy Schuon said, “We are delighted to join with Verizon through their exciting new FiOS TV service. The collaboration between Verizon and IMF is an excellent example of how we can enhance the music experience for fans everywhere. With the IMF channel and our video on-demand offering, Verizon and IMF will bring music on television to a whole new level.”

IMF programming includes a mix of the top music videos from the United States and the world. Categories include Hip Hop Society, The Bridge (Latin), One World (chart-topping global hits), Passage to India (Indian), Raw Feed (exclusive artist interviews), and Hello World (music and pop-culture from dozens of countries), among others.

Verizon FiOS TV provides more than 400 digital video and music channels, two dozen high-definition channels, 2,500 on-demand titles and features such as FiOS TV Widgets, which supplies on-touch, on-demand access to real-time local weather and traffic. FiOS TV is delivered over Verizon’s fiber-to-the-premises network, the largest of its kind in the country. Verizon offers FiOS TV in more than 50 communities in parts of seven states: California, Florida, Maryland, Massachusetts, New York, Virginia and Texas. It is adding new markets as it obtains franchises giving it the legal authority to do so.

About IMF: The International Music Feed

IMF: The International Music Feed is a global pop music brand that has a 24 hour cable/satellite TV channel. In addition, IMF offers video-on-demand, broadband, and mobile content around the world as well as 30 audio channels of music. IMF programming is also now available on multiple national mobile carriers in the U.S., the U.K. and France. IMF.com connects all of The International Music Feed’s platforms with music content, program listings, news and a fast-growing social network of bloggers.

IMF is unit of Universal Music Group, the world’s largest music company with wholly owned record operations or licensees in 75 countries. Its businesses also include Universal Music Publishing Group, one of the industry’s largest global music publishing operations.

Universal Music Group consists of record labels Decca Music Group, Deutsche Grammophon, Interscope Geffen A&M Records, Geffen Records, Island Def Jam Music Group, Lost Highway Records, Machete Music, MCA Nashville, Mercury Nashville, Mercury Records, Philips, Polydor Records, Universal Music Latino, Universal Motown Records Group and Verve Music Group as well as a multitude of record labels owned or distributed by its record company subsidiaries around the world. The Universal Music Group owns the most extensive catalog of music in the industry, which is marketed through two distinct divisions, Universal Music Enterprises (in the U.S.) and Universal Strategic Marketing (outside the U.S.). Universal Music Group also includes eLabs, a new media and technologies division, Universal Music Mobile and IMF: The International Music Feed.

Universal Music Group is a unit of Vivendi, a global media and communications company.

About Verizon Communications Inc.

Verizon Communications Inc. (NYSE:VZ), a Dow 30 company, is a leader in delivering broadband and other wireline and wireless communication innovations to mass market, business, government and wholesale customers. Verizon Wireless operates America’s most reliable wireless network, serving 53 million customers nationwide. Verizon Business operates one of the most expansive wholly-owned global IP networks. Verizon Telecom is deploying the nation’s most advanced fiber-optic network to deliver the benefits of converged communications, information and entertainment services to customers. Based in New York, Verizon has a diverse workforce of more than 250,000 and generates annual consolidated operating revenues of approximately $90 billion. For more information, visit www.verizon.com.

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