HBO AND SUMMIT ENTERTAINMENT ENTER INTO EXCLUSIVE OUTPUT AGREEMENT

Agreement Makes Summit Only Minimajor On Leading Pay Channel's Roster Of Output Partners

HBO Will Air Summit Films That Are To Be Released Theatrically Starting In January 2013

Los Angeles, CA May 26, 2011 - Summit Entertainment and HBO have entered into an exclusive output agreement through which the leading pay television network will release the studio's slate of films that arrive in theaters beginning in January 2013 through the end of 2017. The agreement makes Summit the only minimajor to maintain an exclusive output arrangement with HBO. The announcement was made today by Bruce Grivetti, President, Film Programming of HBO, and Rob Friedman, Co-Chairman and CEO of Summit Entertainment.

"We are extremely happy to have Summit Entertainment as our newest partner," said Grivetti. "HBO is committed to delivering the best filmed entertainment to our subscribers and we believe Summit, an innovative and exciting producer, will play a vital role in the fulfillment of this promise."

"We are proud to be in business with HBO and have our films programmed alongside many of the industry's leading studios," said Friedman. "HBO continues to consistently produce quality original programming mixed with exciting sports and feature film programming and we look forward to a very productive relationship."

Summit Entertainment films expected to appear on HBO include the studio's re-imagination of the popular epic adventure HIGHLANDER, ENDER'S GAME based on the award-winning novel written by Orson Scott Card; and epic 3D production POMPEII.

Summit Entertainment's President of Domestic Television Distribution Alex Fragen and HBO's Senior Vice President of Film Programming Doris Casap represented the studio and network in negotiations.

ABOUT SUMMIT ENTERTAINMENT, LLC

Summit Entertainment, LLC is a worldwide theatrical motion picture development, financing, production and distribution studio. The studio handles all aspects of marketing and distribution for both its own internally developed motion pictures as well as acquired pictures. Summit Entertainment, LLC also represents international sales for both its own slate and third party product. Summit Entertainment, LLC releases on average 10 to 12 films annually.

ABOUT HBO

Home Box Office, Inc. is the premium television programming subsidiary of Time Warner Inc., providing the two pay television services - HBO(R) and Cinemax(R) - to approximately 85 million subscribers worldwide. The services offer the most popular subscription video-on-demand products, HBO On Demand(R) and Cinemax On Demand(R) as well as HBO GO(R) and MAX GO(R), HD feeds and multiplex channels. Internationally, HBO branded television networks, along with the subscription video-on-demand products HBO On Demand and HBO GO, bring HBO services to over 60 countries. HBO programming is sold into over 150 countries worldwide.