ELECTUS INTERNATIONAL AND RCTV TO SELL "JANE THE VIRGIN" FORMAT AROUND THE WORLD

Electus Partnering with CBS Television Studios and RCTV to Bring the Critically Acclaimed Series to a Global Audience, Beginning with Kanal D in Turkey

(Los Angeles, CA) - December 15, 2015 -- Multimedia entertainment studio Electus, an operating business of IAC (NASDAQ: IACI), today announced that Electus International, in conjunction with CBS Television Studios and RCTV, will sell and license the format to the award winning series Jane The Virgin. Electus International brought the series to market earlier this year, and will handle all format sales with the exception of Latin America, which will be handled by RCTV.

As a result of the partnership, Electus International also announces the first deal secured is a straight to series order on Kanal D in Turkey. The series was produced by Medyapim, one of the leading producers in Turkey. The deal was put together by Sera Films' consultancy services, which secured the commission of a minimum of 22 episodes. Jane The Virgin debuted in Turkey and rated strongly, with a 40% increase in ratings and a 50% increase in share of the channel, both over the previous week in the same time slot.

The Golden Globe(R) nominated series Jane The Virgin, produced by CBS Television Studios and distributed internationally by CBS Studios International, is an adaptation of Venezuela's RCTV telenovela Juana La Virgen. The CW series chronicles the story of aspiring writer Jane Villanueva, played by Golden Globe winning actress Gina Rodriguez, who is accidentally artificially inseminated and subsequently struggles to navigate her relationships with the biological father, her boyfriend and her religious mother. Written and executive produced by Jennie Snyder Urman and executive produced by Electus founder Ben Silverman, RCTV's Jorge Granier, and Aquarius TV's Gary Pearl, Jane The Virgin won a Peabody Award, the AFI Program of the Year, People's Choice Award for Favorite New TV Comedy, Gina Rodriguez picked up the Golden Globe for Best Actress in a TV Comedy and the series was nominated for best TV Comedy at the Golden Globe Awards.

"We are incredibly excited to be working with two great partners in CBS and RCTV to sell the format to the groundbreaking and critically acclaimed Jane The Virgin," said John Pollak, President of Electus International. "The team behind Jane - Jennie Snyder Urman, Ben Silverman, Jorge Granier, Gary Pearl and CBS Television Studios - have an incredible track record of success and we are confident that other countries will see the same tremendous ratings as we have had here in the U.S."

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.

About CBS Television Studios

CBS Television Studios is one of the industry's leading suppliers of primetime programming for broadcast, basic and premium cable. The studio's roster of programs includes the phenomenally successful NCIS and CSI franchises; the critically-acclaimed series THE GOOD WIFE, MADAM SECRETARY, JANE THE VIRGIN and CRAZY EX-GIRLFRIEND; the hit crime dramas ELEMENTARY, BLUE BLOODS and HAWAII FIVE-0; the summer event series ZOO and the upcoming new dramas BRAINDEAD and AMERICAN GOTHIC; the Emmy Award-nominated daytime talk show THE TALK; and the new late night talk shows THE LATE SHOW with STEPHEN COLBERT and THE LATE LATE SHOW with JAMES CORDEN.

About RCTV

Radio Caracas Television (RCTV) was founded in 1953 and for more than 60 years has been the leading over-the-air television channel and production company in Venezuela. RCTV's programming has been sold to more than 120 countries and translated to more than 40 languages around the world. For many years, Venezuela served as the test market for Hispanic-oriented programming, putting RCTV at the forefront of innovative regional production and setting the industry standard for the genre. RCTV is recognized as one of the leading producers of telenovelas worldwide and its expertise in the industry gives it an unparalleled advantage in the production of Spanish-speaking content. RCTV International serves as the international distribution arm of RCTV and is responsible for program and format sales around the world.