AOL Video Adds Online Movie Downloads from Paramount Pictures Digital Entertainment

October 23, 2006 - AOL today announced a partnership with Paramount Pictures, a division of Viacom, that will offer consumers downloadable movies and television shows through the AOL Video portal. This announcement is in addition to the partnerships AOL previously announced with other major movie studios including 20th Century Fox, Sony Pictures Home Entertainment and Warner Bros. Home Entertainment Group. Available on the Web at http://www.aolvideo.com, the AOL Video portal is a one-stop, high-quality entertainment destination to find, watch and share millions of free streaming and pay-to-download videos from across the Web, broadcast and cable television, and movies.

Through AOL Video, a wide range of movie and television titles from Paramount Pictures are now available for download with prices ranging from $9.99 to $19.99 per movie. Once downloaded, videos can be viewed offline as well as on other 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 new hits such as Nacho Libre and M:i:III will be available soon. The movie content from Paramount Pictures further builds up AOL Video’s library of more than 300 titles currently available from major movie studios.

“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, Executive Vice President 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. It is a great vehicle for extending the reach of Paramount’s feature film library to an attractive broadband customer base,” said Thomas Lesinski, President, Paramount Pictures Digital Entertainment. “We are very excited to be in the digital distribution business with AOL.” In addition, as part of AOL Video’s ongoing expansion of its branded, video-on-demand channel line up AOL also announced today 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 The channels presented by these new partners will complement the 49 on-demand channels AOL announced previously. Programming from these new partners will include:

— BlueHighways TV, a television network that explores the folklore, roots music, traditions, destinations, festivals and artistry of America, will feature bluegrass and western lifestyle programming.

— The Employment & Careers Channel (TECC), which produces, aggregates, publishes and distributes career management, recruitment and employment programming covering a broad spectrum of subjects including job acquisition, career advancement, money management and work-life balance.

— The Hip Hop Hall of Fame and its multi-media entertainment division will offer AOL Video users a piece of “Hip Hop History” through channels that feature daily and weekly television programming, concert specials and rare looks inside Hip Hop Hall of Fame events and artists.

— MyPath — TV, the Mind, Body & Spirit channel, will offer a deep collection of programming featuring recognized teachers and experts in wellness and spirituality to inform, enlighten, and rejuvenate.

— Plum, which produces highly localized programming for popular destinations including Aspen, the Hamptons, Martha’s Vineyard, Nantucket, Telluride and Vail, will offer local news and informational videos geared for both year-round residents and visitors in addition to content produced for all the Plum stations.

The AOL® Video portal (http://www.aolvideo.com) is a one-stop online destination to find watch and share millions of the best videos from across the Web, broadcast and cable television, and entertainment including movies, music videos, news, user-generated content and full-length TV shows. AOL Video features free streaming videos as well as the ability to purchase and download full-length content that can be viewed on multiple devices and PCs, online or offline. At the center of the AOL Video portal is one of the Web’s first online interactive programming guides which brings together thousands of hours of video programming and organizes it into more than 50 branded video-on-demand channels. AOL Video also features industry-leading video search powered by technology from Truveo™ and Singingfish®, and a video player that can go full screen without losing picture quality and that supports AOL’s exclusive Hi-Q™ video format to watch up to DVD-quality videos online.

About AOL
AOL is a global Web services company that operates some of the most popular Web destinations, offers a comprehensive suite of free software and services, runs the country’s largest Internet access business, and provides a full set of advertising solutions. A majority-owned subsidiary of Time Warner Inc. (NYSE: TWX), AOL LLC is based in Dulles, Virginia. AOL and its subsidiaries also have operations in Europe, Canada and Asia. Learn more at AOL.com.

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Jaymelina Esmele

AOL

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