SHOWTIME NETWORKS AND THE WALT DISNEY STUDIOS EXTEND OUTPUT AGREEMENT FOR DREAMWORKS STUDIOS' FEATURE FILMS

Showtime Networks To Continue Airing DreamWorks Studios' Films Through 2018 Theatrical Releases

LOS ANGELES, CA - March 14, 2013 - Showtime Networks Inc. and The Walt Disney Studios have extended their exclusive output agreement under which DreamWorks Studios' films theatrically released by Disney through 2018 will air across SHOWTIME(R), THE MOVIE CHANNEL(TM) and FLIX(R), as well as its multiplex channels. Under the current agreement, which was set to run through 2015, Showtime Networks will continue to air high-profile DreamWorks features including The Help and War Horse across its premium channels. Lincoln will make its debut later this year. The announcement was made today by Gary Garfinkel, Senior Vice President, Content Acquisitions and Kent Sevener, Senior Vice President, Content Acquisitions and Business & Legal Affairs, Showtime Networks Inc., and Janice Marinelli, President, Disney-ABC Domestic Television.

"We are delighted to extend our output deal with The Walt Disney Studios as we continue to offer DreamWorks' critically-acclaimed theatrical films to our subscribers," said Garfinkel and Sevener. "Coupled with our award-winning series, specials, documentaries and sports offerings, as well as our current supply of theatrical titles, these wonderful films add incredible value to our robust programming slate."

"Showtime has been a tremendous partner and we are thrilled to be expanding our highly-valued relationship with them for DreamWorks Studios' first-rate slate of films," said Janice Marinelli, President, Disney-ABC Domestic Television. "Showtime has successfully embraced the DreamWorks brand and this long-term extension guarantees that these top quality, diverse and entertaining films will continue to complement Showtime's impressive programming line-up for years to come."

"The partnership with Showtime has been a successful one and we look forward to continue working with them to bring our films to their audiences," said Jeff Small, President and COO of DreamWorks Studios. "Our thanks to Janice Marinelli and her team at Disney for continuing to find the perfect home for our films."

About Showtime Networks Inc.

Showtime Networks Inc. (SNI), a wholly-owned subsidiary of CBS Corporation, owns and operates the premium television networks SHOWTIME(R), THE MOVIE CHANNEL(TM) and FLIX(R), as well as the multiplex channels SHOWTIME 2(TM), SHOWTIME(R) SHOWCASE, SHOWTIME EXTREME(R), SHOWTIME BEYOND(R), SHOWTIME NEXT(R), SHOWTIME WOMEN(R), SHOWTIME FAMILY ZONE(R) and THE MOVIE CHANNEL(TM) XTRA. SNI also offers SHOWTIME HD(TM), THE MOVIE CHANNEL(TM) HD, SHOWTIME ON DEMAND(R), FLIX ON DEMAND(R) and THE MOVIE CHANNEL(TM) ON DEMAND, and the network's authentication service SHOWTIME ANYTIME(R). SNI also manages Smithsonian Networks(TM), a joint venture between SNI and the Smithsonian Institution, which offers Smithsonian Channel(TM). All SNI feeds provide enhanced sound using Dolby Digital 5.1. SNI markets and distributes sports and entertainment events for exhibition to subscribers on a pay-per-view basis through SHOWTIME PPV(R).

About DreamWorks Studios

DreamWorks Studios is a motion picture company formed in 2009 and led by Steven Spielberg and Stacey Snider in partnership with The Reliance Anil Dhirubhai Ambani Group. The company's recent releases include Spielberg's "Lincoln," starring Daniel Day-Lewis, Sally Field and Tommy Lee Jones. The film has grossed over $180 million at the U.S. box office and was nominated for twelve Academy Awards(R) with Daniel Day-Lewis winning for Best Actor. Other releases include "Real Steel," starring Hugh Jackman and directed by Shawn Levy, Steven Spielberg's "War Horse," based on Michael Morpurgo's award-winning book and was nominated for six Academy Awards(R) including Best Picture, and "The Help," which resonated with audiences around the country and earned over $200 million at the box office and received four Academy Award(R) nominations with Octavia Spencer winning for Best Supporting Actress. Upcoming films include the comedy "Delivery Man," starring Vince Vaughn, the WikiLeaks drama "The Fifth Estate," and car racing actioner "Need for Speed." DreamWorks Studios can be found on Facebook at http://www.facebook.com/DreamWorksStudios and on Twitter at http://twitter.com/dw_studios.

The Walt Disney Studios

For more than 85 years, The Walt Disney Studios has been the foundation on which The Walt Disney Company wasbuilt. Today, the Studio brings quality movies, music and stage plays to consumers throughout the world. Feature films are released under the following banners: Disney, including Walt Disney Animation Studios and Pixar Animation Studios; Disneynature; Marvel Studios; and Touchstone Pictures, the banner under which live-action films from DreamWorks Studios are distributed. The Disney Music Group encompasses the Walt Disney Records and Hollywood Records labels, as well as Disney Music Publishing. The Disney Theatrical Group produces and licenses live events, including Disney on Broadway, Disney On Ice and Disney Live!.