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April 8, 2008

MGM TO LAUNCH NEW INTERNATIONAL HIGH DEFINITION CHANNEL IN ISRAEL - - THE COMPANY'S THIRD HD CHANNEL IN LAST 18 MONTHS

Latest Channel Debut will bring a Localized, HD Version of The MGM Channel

To Audiences across Israel

CANNES, FRANCE 8 April, 2008 -- MGM Networks, a division of Metro-Goldwyn-Mayer Studios Inc., has announced today that it is launching a high definition version of Israel's critically-acclaimed The MGM Channel to subscribers starting this spring.  While already reaching nearly every cable and satellite home across Israel in standard definition, the new HD version will be simulcast together with the existing standard definition channel, and brings to the new high definition market in Israel, The MGM Channel, one of the country's most popular brands and entertainment experiences.  The announcement was made today by Bruce Tuchman, Executive Vice President, MGM Networks.

Starting this month, The MGM Channel will begin broadcasting as part of the HD basic tier of Israeli DTH platform, YES.  Over the next several months, it will ramp up to a 24/7 simulcast of The MGM Channel currently enjoyed by viewers all across Israel.  Like the standard definition version of The MGM Channel, it will be subtitled in Hebrew.  

"As high definition begins to roll out all over the world, MGM plans to be at the forefront of this compelling new medium," stated Tuchman.  "Alongside our HD channels in the U.S. and in Europe, we plan to continue to aggressively expand our HD presence internationally, which is fuelled by the incomparable experience of viewing choice selections from the MGM library, the world's largest modern film catalogue, broadcast in the clarity of this amazing broadcast medium.  We are also grateful to YES, Israel's DTH satellite platform, and Tel-Ad, one of Israel's leading channel providers, for their support and passion about this project, along with their many years of commitment to the MGM standard definition business."  

Yona Weisenthaul, Vice President of Content at YES, commented that "YES is proud to lead the HD revolution in Israel.  MGM HD will be joining the four HD channels that are already available on YES to the thousands of HD subscribers that have recently joined our new service."

The MGM Channel's high definition launch in Israel is another key development in an aggressive and successful expansion drive for MGM Networks worldwide, in both standard and high definition, and across scores of markets on every inhabited continent.  The MGM Channels are now available in tens of millions of homes throughout more than 120 countries around the world, and broadcast in nearly 20 languages.  The MGM HD Channel in Israel, along with its standard definition counterpart, will be owned 100% by MGM.  In October of last year, MGM launched MGM HD in the U.S.  The first HD launch for MGM Networks was the company's dedicated network for Poland in December 2006.   

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. For more information, visit www.mgmchannel.com

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.