America Online Joins Forces with Movielink to Create Exclusive Limited Time Offer for AOL for Broadband Members - Movie Rental Downloads for 99 Cents or Less

Business Wire, Jan 21, 2004

Entertainment Editors/Business Editors

NEW YORK--(BUSINESS WIRE)--Jan. 21, 2004

Finding Nemo, Pirates of the Caribbean and The Matrix Reloaded Are Among the Hit Movies Available Through AOL for Broadband's "Winter Movie Special"

America Online joins forces with Movielink, the broadband video-on-demand (VOD) service, for a "Winter Movie Special," a five-week program that lets AOL for Broadband(R) members exclusively download and rent some of the year's biggest movie titles for as little as 99 cents or less for each title. Beginning January 22 through February 26, AOL for Broadband members can visit AOL Keyword: Movielink and choose from major studio releases at specially discounted prices including:

-- Charlie's Angels: Full Throttle

-- Finding Nemo

-- Legally Blonde II: Red, White and Blonde

-- Pirates of the Caribbean: The Curse of the Black Pearl

-- Terminator 3: Rise of the Machines

-- The Hulk

-- The Italian Job

-- The Matrix Reloaded

-- Tomb Raider: The Cradle of Life

-- 2 Fast 2 Furious

As part of the "Winter Movie Special," Movielink is offering AOL for Broadband members 80 percent off the regular prices for selected titles noted above that normally range from $3.95 to $4.99. Members can download Movielink movies and store them on their hard drive for up to 30 days. With the high-speed AOL for Broadband connection and Movielink's Movie in Minutes (TM) feature, members can watch movies minutes after beginning the download. Once play is initiated, they can watch a movie as many times as they would like in a 24-hour period. Movies can be viewed at home via the PC or a television connected to the PC, or downloaded to a laptop for traveling. In addition, AOL for Broadband members can access the rest of Movielink's library of more than 600 titles at regular prices.

"AOL for Broadband prides itself on providing its members with the most valuable content on the Web, and Movielink's downloadable films are an outstanding addition to the premier entertainment features we currently offer," said Kevin Conroy, executive vice president and COO, AOL for Broadband. "We welcome this opportunity to enable our members to view some of the most popular movies of the year at a specially discounted price, and experience these films in an increasingly popular new way."

"We're excited to extend the reach of the Movielink service to the broadest possible audience," said Jim Ramo, CEO, Movielink. "Our relationship with America Online provides a wonderful opportunity to accomplish this goal by introducing the quality, convenience and breadth of choice of online movie rental that Movielink offers to AOL for Broadband members throughout the U.S."

About AOL(R) for Broadband

AOL for Broadband is the best source for entertainment and information on the Internet, with programming and features exclusive to AOL for Broadband members. Consumers nationwide can simply add the AOL for Broadband service to any high-speed DSL or cable Internet connection if they have existing high-speed access through their local phone, cable TV or Internet provider. AOL also offers a complete, all-in-one bundled package of AOL for Broadband features, content and broadband connectivity. Current AOL members can visit AOL Keyword: Broadband

About America Online, Inc.

America Online, Inc. is a wholly owned subsidiary of Time Warner Inc. Based in Dulles, Virginia, America Online is the world's leader in interactive services, Web brands, Internet technologies and e-commerce services.

About Movielink

Movielink (www.movielink.com) is the online movie download service offering U.S. broadband customers an extensive selection of recently released films and classic movies covering every genre, from action, comedy, drama, family and romance to sci-fi, horror and thrillers. The service is owned and operated by Movielink, LLC, a joint venture of Metro-Goldwyn-Mayer Studios, Paramount Pictures, Sony Pictures Entertainment, Universal Studios and Warner Bros. Studios. Movielink content offerings are drawn from the current releases and vast libraries of those studios as well as from those of Walt Disney Pictures, Miramax, Artisan and others, on a non-exclusive basis.