MGM Home Entertainment Promotes Lawrence H. Szabo to Senior Vice President — International Marketing

Business Wire, March 28, 2000

Business Editors & Entertainment Writers

SANTA MONICA, Calif.--(ENTERTAINMENT WIRE)--March 28, 2000

As part of its expansion efforts, MGM Home Entertainment, a unit of Metro-Goldwyn-Mayer Inc. (NYSE:MGM), has promoted Lawrence H. Szabo to Senior Vice President -- International Marketing, it was announced today by Blake Thomas, Senior Vice President -- Worldwide Marketing for the division, to whom he reports.

Mr. Szabo is responsible for developing and implementing marketing strategies for the Company's rental and sell-through businesses overseas, as well as for overseeing MGM's regional DVD strategies within the Asia/Pacific and Latin American territories. Additionally in his new position, he will play a vital role in creating Web-based consumer advertising, including the current design of an e-commercial for the special edition DVD release of the latest James Bond film The World Is Not Enough.

Said Mr. Thomas: "Demand for home entertainment product internationally is growing at a record pace, and MGM, owning the largest modern film library, is unquestionably in an ideal position to satisfy that demand. Lawrence's marketing expertise and business acumen will be of particular value, not only in building heightened awareness for our titles abroad, but also in helping us develop and implement effective growth strategies going forward."

Mr. Szabo most recently served as Vice President -- Asia/Pacific and International Business Administration, where he oversaw all sales efforts for the region. As Vice President, he helped guide both the international marketing and operational transition from Warner Home Video to Twentieth Century Fox Home Entertainment International. He also orchestrated the first ever MGM Home Entertainment trade conference in Japan last year, which achieved 100 percent participation by every major rental and retail dealer in the territory.

He began his tenure at Metro-Goldwyn-Mayer Inc. in 1992, serving as Manager -- Financial Planning and Strategy for the corporate division. He was promoted to Director soon after, and in 1995, he advanced to Vice President -- Financial Planning and Strategy for MGM Home Entertainment.

Prior to joining MGM, he served as Assistant Vice President for Leifer Capital, Inc., where he participated as a junior principal in the inception of the municipal financial advisory firm. From 1986 to 1988, he worked as an associate for First Interstate Public Finance Company.

Mr. Szabo holds a bachelor of arts degree in economics from UCLA and a masters degree in business administration from the Wharton School.

MGM Home Entertainment controls the home video and DVD rights to the largest modern library of filmed entertainment in the world. The Company manages worldwide home video and DVD distribution rights to United Artists and current Metro-Goldwyn-Mayer theatrical releases, as well as titles from the Orion, Goldwyn, and Polygram libraries, totaling more than 4,100 films.

Metro-Goldwyn-Mayer Inc. 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 largest modern film library in the world, consisting of more than 4,100 titles. Its operating units include MGM Pictures, United Artists Films, Orion Pictures, United Artists Films Ltd., MGM Television Entertainment, MGM Networks, MGM Distribution Co., MGM Home Entertainment and Consumer Products Group, MGM Music, MGM Interactive, and MGM.com, among others.