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May 20, 2008

THE MGM CHANNEL TO LAUNCH ON SKY ITALIA

Carriage Agreement Marks MGM Channel's Debut in Italy Adding Millions of New Subscribers to MGM's Expanding International Channel Business

Milan, Italy and Los Angeles, May 20, 2008 --- MGM Networks, a division of Metro-Goldwyn-Mayer Studio Inc. (MGM) has signed an agreement with News Corp’s SKY Italia, one of Europe’s largest subscriptions television platforms and the leading pay television service in Italy, to launch a local language version of the MGM Channel beginning June 1st.

The deal marks the MGM channel’s debut in Italy. The announcement was made today by Bruce Tuchman, Executive Vice President, MGM Networks.

“This deal represents a significant milestone in our success across Europe. Italy is one of the key European markets that remained untapped for us, and now with this deal, we add an incredible jewel to our crown of channels in Europe”, said Tuchman. “Following our first launch on the continent in 2002, customized MGM channels now will reach millions of subscribers across more than 30 European countries, in addition to the many millions of subscribers we have across Latin-America, Africa, the Middle East, and the Asia-Pacific region.”

The MGM channel will be included in SKY Italia’s Cinema package, which reaches the vast majority of SKY Italia’s subscribers. Dubbed into Italian, The MGM channel will feature a wide selection of titles from the MGM movie catalog, the world’s largest modern film library, including titles from such franchises as Rocky and Pink Panther, and films such us Thelma & Louise, Annie Hall, New York New York, Paths of Glory, and Chitty Chitty Bang Bang.

“We are very pleased to be adding The MGM Channel to the Sky Italia offer and are sure our Cinema subscribers will enjoy watching the high quality movies coming from one of the most recognized Hollywood Studios and with such a deep library at its disposal,” said Kathryn Fink, Programming Director from SKY Italia.

About MGM Networks
MGM Networks manages Metro-Goldwyn-Mayer Studios Inc.'s interests in MGM-branded networks, Hollywood film studio joint venture channels and other programming services spanning scores of markets across Europe, North and South America, Asia, Oceana and Africa. 

About Sky Italia
Sky Italia founded by News Corporation in April, 2003, offers the best pay-TV in Italy with over 170 television, audio, interactive, and pay-per-view channels. 4 millions 500 thousand subscribers enjoy an unprecedented choice of national and international movies, sports, news, entertainment, and music. The digital service provides viewers with quality picture and sound. 

About Metro-Goldwyn-Mayer Inc.
Metro-Goldwyn-Mayer Inc., through its operating subsidiaries is actively engaged in the worldwide production and distribution of motion pictures, television programming, home video, interactive media, music, and licensed merchandise.   The company owns the world's largest library of modern films, comprising around 4,100 titles.  Operating units including Metro-Goldwyn-Mayer Studios Inc., Metro-Goldwyn-Mayer Pictures Inc., United Artists Films Inc., Ventanazul, MGM Television Entertainment Inc., MGM Networks Inc., MGM Distribution Co., MGM International Television Distribution Inc., Metro-Goldwyn-Mayer Home Entertainment LLC, MGM ON STAGE, MGM Music, MGM Consumer Products and MGM Interactive.  In addition, MGM has ownership interests in international TV channels reaching over 120 countries and territories around the world.  MGM ownership is currently as follows:  Providence Equity Partners (29%), Texas Pacific Group (21%), Sony Corporation of America (20%), Comcast (20%), DLJ Merchant Banking Partners (7%) and Quadrangle Group (3%). 

For more information, visit www.mgm.com.