The Weinstein Company Signs Palisades Media Group for Media Buying

Business Wire, August 10, 2005

NEW YORK, N.Y. -- The Weinstein Company and Palisades Media Group have reached an agreement for Palisades to oversee all of the company's media buying and planning. The Weinstein Company is the new multi-media company created by Bob and Harvey Weinstein, who co-founded Miramax Films in 1979. The joint announcement was made today by Harvey Weinstein and Palisades Media Group Chairman and Chief Executive Officer, Roger Schaffner.

The agreement marks a new chapter in the long relationship between the Weinsteins and Palisades Media Group, which handled Miramax's account from 1996 until April 2003, and resumed media buying and planning for the company in 2004.

Harvey Weinstein stated "We are thrilled to continue our longstanding relationship with Palisades. Their experience, relationships and keen understanding of the industry make them extremely valuable to us."

"We couldn't be more pleased to join the Weinstein brothers in their new venture," said Roger Schaffner. "Having partnered with Harvey and Bob for nearly a decade, it is a privilege to now continue the relationship with The Weinstein Company. Their entrepreneurial spirit, visionary leadership and history of award-winning product make them a true pleasure to work with."

ABOUT PALISADES MEDIA GROUP

Palisades Media Group, founded in 1996, is a premier media planning and buying company with offices in Los Angeles, San Francisco and New York and a staff of more than 80 experienced professionals. Palisades Media Group is comprised of entertainment, business/consumer, direct response/direct marketing, political advertising and interactive divisions with combined annual billings of $550 million.

ABOUT THE WEINSTEINS

Bob and Harvey Weinstein founded Miramax in 1979. Under their leadership at Miramax, the company received 249 academy award nominations and 60 wins including three best pictures for "The English Patient," "Shakespeare In Love," and "Chicago." On March 29, the Weinsteins, Miramax and The Walt Disney Company announced that they had reached a mutual agreement concluding the Weinsteins' employment contract with Disney. Since the announcement of their separation from Disney and Miramax, the brothers have been working actively on the production, development and acquisition of projects for The Weinstein Company. They will remain co-chairs of Miramax on a non-exclusive basis through September 30, 2005.

Since the separation agreement, the Weinsteins have acquired the following titles to be released by The Weinstein Company: "Decameron," "Last Legion," "Young Hannibal," "Hoodwinked! The True Story of Red Riding Hood," "Transamerica," "Nomad," "Outlander," "Stormbreaker," "Lucky Number Slevin," and "The Promise." Other titles to be released by The Weinstein Company include "Derailed," "Wolf Creek." "Mrs. Henderson Presents," "Kill Bill: NC 17," "Breaking and Entering," "Scary Movie 4," "Matador," "Sin City 2," "Pulse," "Passion of The Clerks," "Come Closer," "Unknown," and "Grind House," a groundbreaking film that will unite two of the world's most legendary filmmakers Quentin Tarantino and Robert Rodriguez, who will each write and direct their own 60-minute feature horror film.