Bruce Tuchman Appointed Executive Vice President MGM Networks.

Business Editors

SANTA MONICA, Calif.--(BUSINESS WIRE)--July 23, 2001

Seasoned Entertainment Executive Brings Nickelodeon, MTV Networks 

Experience to Advance Company's Cable and Satellite Distribution

Channel Initiatives

MGM Worldwide Television Distribution, a unit of Metro-Goldwyn-Mayer Inc. (NYSE:MGM), has hired Bruce Tuchman as Executive Vice President of MGM Networks Inc., to focus on establishing cable, satellite, and other channels to distribute MGM's massive 4,100-film library and manage the Company's existing channel interests worldwide.

The announcement was made today by Jim Griffiths, President, MGM Worldwide Television Distribution, to whom Mr. Tuchman reports.

"Bruce's exceptional credentials in the global television arena make him well suited to advance our growth initiatives as we further accelerate our efforts to exploit MGM's unparalleled library through cable- and satellite-branded distribution channels," stated Mr. Griffiths. "His insight and expertise will be of particular value as MGM aggressively explores acquisitions, strategic alliances and other opportunities to vertically integrate its operations and fully leverage the power of the MGM brand."

Mr. Tuchman comes to MGM Networks from Viacom's Nickelodeon unit, where he most recently served as Senior Vice President, New Media Ventures. In that capacity, he was responsible for developing new opportunities and identifying and securing strategic partnerships for Nickelodeon in the Internet and new media arenas. He is credited for negotiating successful partnerships with such companies as Britannica.com, Accuweather.com, eCal, Yahoo, and MSN.com to create kid-friendly, co-branded applications for Nick.com.

During his five-year tenure with Nickelodeon, he also held the position of Vice President/General Manager of Nickelodeon Global Network Ventures, where he managed, conceived and launched Nickeldeon International's new television channel division, spanning Europe, Asia/Pacific and Africa. In this role, he launched localized channels reaching over 75 countries and oversaw all operations, including cable/DTH operator relations, technical operations, strategy and business development, ad and sponsorship sales, communications and marketing, programming, and legal and business affairs. He began working for Nickelodeon in 1996 as General Business Manager, Nickelodeon International.

Previously, Mr. Tuchman served as Vice President, Business Affairs and Senior Counsel, International for MTV Networks. From 1989-1994, he was a corporate Associate in the law firm of Skadden, Arps, Slate, Meagher & Flom, specializing in international deal-making and corporate law.

MGM Worldwide Television Distribution handles global distribution of film and television product as well as co-productions for Metro-Goldwyn-Mayer Inc. (NYSE:MGM). Through the division, nearly 4,100 feature films and 8,900 television episodes are available to the global television market.

Metro-Goldwyn-Mayer Inc., through its Metro-Goldwyn-Mayer Studios Inc. subsidiary, is actively engaged in the worldwide production and distribution of entertainment product, including motion pictures, television programming, home video, interactive media, music, and licensed merchandise. Its operating units include MGM Pictures, United Artists Films, MGM Television Entertainment, MGM Networks, MGM Distribution Co., MGM Worldwide Television Distribution, MGM Home Entertainment, MGM Consumer Products, MGM Music, MGM Interactive, and MGM.com.

In addition, MGM has acquired a 20 percent ownership interest in four of Rainbow Media's successful national cable networks -- American Movie Classics (AMC), Bravo, The Independent Film Channel (IFC) and WE: Women's Entertainment (formerly Romance Classics), and holds equity interests in 14 television channels internationally. For more information on MGM, visit MGM online at http://www.mgm.com.