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Insight Communications and Starz Encore Group Announce New Starz On Demand Launch Agreement
Englewood, Colo. and New York, NY. – May 15, 2003 –
FEATURING OVER 100 ON-DEMAND MOVIES/MONTH, STARZ ON DEMAND COMES AUTOMATICALLY WITH ALL $10 STARZ! SUBSCRIPTIONS,
ADDITIONAL STARZ! AND STARZ! THEMATIC CHANNEL FEEDS ALSO LAUNCHED
ENCORE MOVIE PAK REMAINS AN ANCHOR ON INSIGHT MOVIE PAK TIER FOR $5/MONTH
Insight Communications Company (Insight) (NASDAQ: ICCI) and Starz Encore Group LLC (Starz Encore), a wholly-owned subsidiary of Liberty Media Corporation (NYSE: L, LMCb), announced a new, landmark affiliation and carriage agreement for the STARZ! and Encore movie services and Starz On Demand, the pay TV industry’s leading subscription video-on-demand (SVOD) movie service.
All Insight Digital VOD systems will launch Starz On Demand, featuring over 100 hit and classic movies per month including such great titles as XXX, Austin Powers in Goldmember, and The Lord of the Rings: The Two Towers, as part of the monthly STARZ! movie services for just $10 per month.
As part of the long-term agreement, Insight is expanding its STARZ! carriage lineup for Insight Digital customers by offering both East and West Coast feeds of STARZ! and the STARZ! theme channels, STARZ! Theater, BLACK STARZ!, STARZ! Cinema, and STARZ! Family.
The Movie Pak, which includes Encore and the Encore thematic channels, remains one of the most highly penetrated of Insight Digital’s programming tiers. The Insight Movie Pak is available for only $5 per month.
“The Starz Encore agreement means tremendous value and convenience for movie-lovers,” said Pam Euler Halling, Insight’s senior vice president of marketing and programming. “By bundling together the STARZ! movie service and Starz On Demand, we are looking to really drive home the robust movie-viewing experience offered to Insight Digital’s VOD customers. This compelling, new offer is also a great vehicle to assist us in the education of consumers on VOD technology. By offering Starz On Demand in the form of a convenient monthly subscription, we are hoping a whole new cross-section of consumers will be driven to experience both VOD and SVOD.”
“Starz On Demand is the perfect technological enhancement to the best movie package in the business today,” said Susan Geiselhart, division vice president, national division for Starz Encore. “By offering great titles, such as The Scorpion King and Sweet Home Alabama, on-demand and without transaction fees, every VOD customer who subscribes to the new STARZ! movie services on Insight Digital will have a compelling and exciting monthly movie offering. We are pleased to enter into this landmark agreement with Insight.”
Starz On Demand now offers a steady supply of blockbuster titles including, Monsters, Inc., Spy Game, John Q, The Lord of the Rings: The Fellowship of the Ring, and The Scorpion King, as well as upcoming hits such as, Signs, XXX, Sweet Home Alabama, 8 Mile, and Austin Powers in Goldmember. Hollywood studios supplying films to Starz On Demand include Disney, Universal, Sony, MGM, Paramount, New Line, Revolution Studios, and Miramax.
The STARZ! movie channels are fueled by exclusive, first-run theatrical movies from Hollywood’s biggest studios: Touchstone Pictures, Hollywood Pictures, Miramax Films, Universal Studios, New Line Cinema, Revolution Studios, and coming January 1, 2005, all theatrical releases from Sony Pictures (Columbia, Screen Gems, Sony Pictures Classics).
Starz Encore Group LLC (Starz Encore) is the largest provider of premium movie services in the United States with approximately 138 million pay units. Starz Encore offerings include Starz On Demand?, the first premium on-demand subscription offering and the only on-demand pay TV subscription service available on cable, satellite, and broadband platforms. Starz Encore is a wholly-owned subsidiary of Liberty Media Corporation (NYSE: L, LMCb), www.starzencore.com.
Insight Communications (NASDAQ: ICCI) is the 9th largest cable operator in the United States, serving approximately 1.4 million customers in the four contiguous states of Illinois, Kentucky, Indiana and Ohio. Insight specializes in offering bundled, state-of-the-art services in mid-sized communities, delivering basic and digital video, high-speed data and the recent deployment of voice telephony in selected markets to its customers.
Any statements in this press release that are not historical facts are forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. The words "estimate," "expect," "anticipate" and other expressions that indicate future events and trends identify forward-looking statements. The above forward-looking statements are subject to risks and uncertainties and are subject to change based upon a variety of factors that could cause actual results to differ materially from those Insight Communications anticipates. Factors that could have a material and adverse impact on actual results include competition, increasing programming costs, changes in laws and regulations, our substantial debt and the other risk factors described in Insight Communications' annual report on Form 10-K, as amended, for the year ended December 31, 2002. All forward-looking statements in this press release are qualified by reference to the cautionary statements included in Insight Communications' Form 10-K.
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Contact:
Kim Messina
Insight Communications Company
(917) 286-2300
messina.k@insightcom.com
Contact:
Eric W. Becker
Starz Encore Group
(720) 852-4065
eric.becker@starzencore.com