ELECTUS ACQUIRES INTERNATIONAL RIGHTS TO NEW FOX SERIES "HOME FREE"

Los Angeles, CA (April 29, 2015) -- Multimedia entertainment studio Electus, an operating business of IAC [NASDAQ: IACI], today announced that Electus International has picked up the tape and format rights for Home Free. From Relativity Television and executive producer Tom Forman (Extreme Makeover: Home Edition), and hosted by famed professional contractor Mike Holmes (Holmes on Homes(R)), the eight-episode unscripted series will premiere in the U.S. on July 22 at 9 PM ET on FOX.

On Home Free, nine deserving couples are challenged to revive one run-down home every week. During each episode, Holmes will present the couples with tasks designed to test and challenge the skills of these do-it-yourself enthusiasts. Holmes will be with the competitors every step of the way - picking apart their work and demanding they meet his high standards, while also sharing his expertise and guidance to help them reach new heights. But in a surprise twist, when the work is done for the day, the couples don't have far to travel to get home... because not only must they work together to restore the home, they must also all live together in the same dilapidated home 24/7. The more they accomplish, the better they sleep at night.

Each week, the couples with the best work will move forward in the competition, while the couple that didn't perform up to code will face elimination. Eliminations will continue each week, until only two couples remain, who will fight to the finish to win their ultimate dream home.

"Home Free represents the next step in the home makeover genre," said John Pollak, President of Electus International. "The series has all the "wow" moments and DIY tips audiences have come to expect from a home makeover show, combined with the excitement and surprises of a competition series. This show will have global resonance and we're excited to bring it to audiences around the world."

Holmes is a professional contractor and the host and creator of the hit TV series Holmes on Homes(R), Holmes Inspection and Holmes Makes It Right. After working in the building and renovation industry for more than 20 years, Holmes was asked to develop and host his own television series, Holmes on Homes(R), which became an international success and broke ratings records, solidifying his career in television. With more than 30 years of experience as a licensed contractor, Holmes has been able to use television as a tool to educate homeowners on how to manage a renovation; what to look for in contractors; the right products for the right job; proper home repair and maintenance; and their rights as homeowners.

Home Free is produced by Relativity Television and executive-produced by Tom Forman, George Verschoor, Trice Bartow, Brad Bishop, Andrew Marcus and Mike Holmes.

About Electus

Electus is the first integrated multimedia entertainment studio to unite producers, creators, advertisers and distributors under one roof and produce all forms of content for distribution across a variety of platforms around the world, including: broadcast, cable, digital, OTT and various emerging technologies. The company connects advertisers, distributors and content creators early on in the development process, enabling marketers and advertisers to be true partners in campaigns and content creation. Electus International, the global distribution arm of Electus, is responsible for all international sales and distribution for Electus' programming and its studio partners as well as programs and formats from other well-known 3rd party providers. Electus is an operating business of IAC [NASDAQ: IACI]. For more information on Electus, visit www.electus.com.