Paramount Home Entertainment Unveils Full Slate of UMD Releases for Sony PlayStation Portable — PSP — Including ``Sahara'' Day and Date with DVD Debut

Business Wire, May 23, 2005

HOLLYWOOD -- Paramount Home Entertainment:

--First Wave Hits Stores August 9 with "Team America," "Coach Carter" and "Without a Paddle"; "Sahara" and "Viva La Bam: Volume 1" Arrive August 30

--In Conjunction with Comedy Central Home Entertainment and Nickelodeon Home Entertainment, Paramount Home Entertainment Will Distribute "Ren and Stimpy Volume 1 1/2 ish," "SpongeBob SquarePants: Volume 1," "Chappelle's Show: Volume 1," "South Park: Volume 1" and "SpongeBob SquarePants The Movie" Set as Part of Future Waves

Paramount Home Entertainment announced today the release of ten titles on Universal Media Disc (UMD(TM)), playable on Sony's PlayStation(R) Portable (PSP(TM)). SAHARA, the hit film starring Matthew McConaughey, is debuting August 30 - day and date on DVD, VHS and UMD. The first wave of titles, TEAM AMERICA, COACH CARTER and WITHOUT A PADDLE, is scheduled for release on August 9. In association with MTV Home Entertainment, "VIVA LA BAM: VOLUME 1" which centers on the fanatical and often extreme life of pro-skateboarder Bam Margera will be released on August 30.

In conjunction with Comedy Central Home Entertainment and Nickelodeon Home Entertainment, Paramount is distributing volumes of some of the hottest TV shows on DVD this year including: Comedy Central's "CHAPPELLE'S SHOW: VOLUME 1 UNCENSORED," "REN AND STIMPY VOLUME 1 1/2 ISH" and Matt Stone and Trey Parker's highly acclaimed "SOUTH PARK: VOLUME 1." In addition, Nickelodeon's runaway smash hits "SPONGEBOB SQUAREPANTS: VOLUME 1" and SPONGEBOB SQUAREPANTS THE MOVIE will be landing on UMD later this year. The studio plans to announce additional high-profile UMD titles for 2005 in the coming months.

"Viacom is distinctly positioned to provide a wide variety of content for this new portable multimedia platform given our unique assets which reach the key demographics for PSP," said Thomas Lesinski, President, Paramount Pictures, Worldwide Home Entertainment. "Our 2005 release schedule demonstrates our commitment to PSP with a great slate of titles ideally suited for this handheld system which has now sold over one million units."

The first-ever integrated portable entertainment system, PSP system is designed to provide consumers with a comprehensive entertainment experience including games, music, movies, communication, and wireless networking. Validating the multi-media entertainment value proposition of PSP, Paramount Home Entertainment's feature film and TV content support for the platform is being made available on the newly developed proprietary, compact (60 mm) but high-capacity (1.8 GB) optical disc, UMD, which PSP utilizes as its main storage medium.

About Paramount Home Entertainment

Paramount Pictures is part of the entertainment operations of Viacom Inc., one of the world's largest entertainment and media companies, and a leader in the production, promotion, and distribution of entertainment, news, sports, and music. Visit www.paramount.com/homeentertainment to learn more about Paramount Home Entertainment's new releases, as well as other classic Hollywood films, television programs, animated titles and family and special interest programming.

About MTV Networks

MTV Networks, a division of Viacom International Inc. (NYSE:VIA)(NYSE:VIA.B), owns and operates the following television programming services -- MTV: Music Television, MTV2, mtvU, VH1, Nickelodeon/Nick at Nite, Comedy Central, TV LAND, TNN, CMT Country Music Television, and Spike TV and The Digital Suite From MTV Networks, a package of thirteen US digital services, all of which are trademarks of MTV Networks. MTV Networks also has licensing agreements, joint ventures, and syndication deals whereby all of its programming services can be seen worldwide.

About PSP(TM) (PlayStation Portable)

PSP(TM) (PlayStation(R) Portable) is a new portable entertainment system that allows users to enjoy 3D games, high-quality full-motion video, and high-fidelity stereo audio. With graphics rendering capability comparable to that of PlayStation(R)2, PSP features a 4.3 inch wide screen, high-resolution TFT display. PSP also adopts a newly developed compact but high-capacity (1.8GB) optical disc, Universal Media Disc (UMD(TM)), as its storage medium. With a wide range of accessories and connectivity options, including Memory Stick Duo, USB 2.0, IR port and Wi-Fi wireless LAN, PSP is the new entertainment platform from PlayStation.

"PlayStation" and the "PS" Family logo are registered trademarks and "PSP" and "UMD" are trademarks of Sony Computer Entertainment Inc. All other trademarks are property of their respective owners.