HBO AND VICE ENTER MAJOR NEWS CONTENT DEAL

In HBO's Most Expansive Content Deal Ever, The Multi-Year VICE News Package Includes Launch Of A Daily Newscast; Extension Of The Emmy(R)-Winning Weekly Series Through 2018, With An Increase to 35 Episodes Per Year; And 32 Long-Form Specials

VICE Programming To Have Dedicated Channel On HBO NOW

NEW YORK, March 26, 2015 - Home Box Office and VICE announced today a major news partnership that will significantly expand VICE's Emmy(R)-winning news programming to HBO subscribers over the next four years.

In its most expansive programming deal ever, HBO will dramatically increase the network's current events coverage, bringing VICE's brand of high-impact journalism and breaking news content to subscribers in a wide-range of formats, including:

The VICE daily newscast: The launch of a daily VICE newscast, consisting of five half-hour shows per week, 48 weeks a year.

The weekly series on HBO: A four-year extension (with an increase from 14 to 35 episodes a year) of the Emmy(R)-winning documentary show.

VICE specials: A four-year commitment for an increased number of VICE-produced specials, totaling 32 through 2018.

Additionally, a VICE-branded channel on the HBO NOW streaming service will provide instant access to VICE content for all HBO subscribers.

"Shane and the VICE team have produced some of the most groundbreaking and dynamic journalism anywhere. From the front lines in the Ukraine, to the icebergs of Antarctica and the streets of Ferguson, VICE news has helped illuminate and expand our understanding of an increasingly complex world. This extension of the HBO/VICE relationship, which will include more shows, more documentaries and even a VICE daily newscast, is a natural evolution of our partnership. All of us at HBO couldn't be more excited working with the VICE team and helping to tell the stories which define our world," said Richard Plepler, CEO of HBO, and Michael Lombardo, president, HBO Programming.

Said Shane Smith, founder and CEO of VICE, "I think the first thing, perhaps the hardest thing, I learned about journalism over the past 20 years is that maintaining any type of independence, any type of freedom, is difficult as you scale up. This deal, simply put, allows VICE the freedom to go after any story, anywhere we find it - and to do so with complete independence. This deal is a tremendous gift and a tremendous opportunity, and we at VICE realize this.

"Together with HBO, we will expand our news offerings to viewers everywhere, creating HBO's first-ever daily newscast, producing hard-hitting specials, like our recent Special Report on cancer, and expanding our weekly news round-ups from around the world.

"Over the the last few years, our relationship with HBO has morphed from a great business partnership into a transformative brand-builder. This groundbreaking deal will create a new voice in news.'

The partnership builds off the success of the current VICE series on HBO, which received a Primetime Emmy(R) in the category of Outstanding Informational Series or Special last August, and has quickly become an alternative voice and source for unvarnished documentary-style news. Currently debuting editions Friday nights (11:00-11:30 p.m. ET/PT) on HBO, the VICE weekly series is dedicated to exploring today's most pressing issues from around the globe, from civil unrest and hotbeds of terrorism, to unchecked government corruption, lawless borders and looming environmental catastrophes.

The newscast will feature the original on-the-ground reporting viewers expect from VICE, but in a daily format. VICE will draw on its network of more than 30 global bureaus to bring viewers inside the world's most critical stories.

The slate of 32 specials will offer viewers in-depth examinations of pressing topics, just as VICE has done with recent specials exploring the use of deadly viruses to fight cancer and climate change affecting the West Antarctic ice sheet.

About Home Box Office, Inc.

Home Box Office, Inc. is the premium television programming subsidiary of Time Warner Inc. and the world's most successful pay TV service, providing the two television services - HBO(R) and Cinemax(R) - to approximately 122 million subscribers worldwide. The services offer the popular subscription video-on-demand products HBO On Demand(R) and Cinemax On Demand(R), as well as HBO NOWSM, 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 and Cinemax programming is sold into over 150 countries worldwide.

About VICE Media

VICE is a global youth media company and content creation studio. Launched in 1994 as a punk magazine, VICE now operates out of 36 countries, and has expanded into a multimedia network, including the world's premier source for original online video, VICE.COM; an international network of digital channels; an award winning television & feature film production studio; a magazine; a record label; and a book-publishing division.