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GRAFF'S CABLE VIDEO STORE AND TVN OFFER FIRST MULTIPLEX PPV TO THE CABLE INDUSTRY

 GRAFF'S CABLE VIDEO STORE AND TVN OFFER
 FIRST MULTIPLEX PPV TO THE CABLE INDUSTRY
 NEW YORK, Oct. 16 /PRNewswire/ -- Graff Pay-Per-View Inc.'s (OTC Bulletin Board: GPPV) wholly-owned subsidiary, Cable Video Store Inc. (CVS), and TVN Entertainment Corp. (TVN) today jointly announced the launch of the first 10 channel pay-per-view multiplex to be offered to the cable industry.
 CVS will continue to be available as a single channel service, but now cable operators will have the ability to immediately expand their programming mix from a single programmed channel of pay-per-view (PPV) hit movies to a multiplex consisting of 10 channels, 24 hours a day. This is accomplished by utilizing TVN's multiplex, until now only available to the home satellite dish market. TVN will also begin transmitting CVS' PPV programming service as part of its 10 channel DBS multiplex.
 Mark Graff, president of CVS' parent, Graff Pay-Per-View, Inc., commented, "The multi-channel development provides the consumer with all the hit movies and the first step to real video on demand. Cable operators will not have to wait for digital compression to begin offering an expanded PPV schedule to their subscribers. For the first time, on a national basis, operators have the advantage of utilizing a multi-channel PPV programming blueprint that has proven it can generate big revenues with huge consumer satisfaction."
 "This is a landmark event for the PPV industry," Stuart Levin, president of TVN, further stated, "TVN and CVS have entered into a long term agreement creating economies of scale which will enable us to spend even more time and resources for marketing and promotions. Because of TVN's flexibility and programming shelf space, we are the natural testing lab for the entire addressable community of 18 million homes, well before the expensive migration to compression. Our TVN/CVS service will be a natural bridge between the analog and digital worlds."
 Graff, one of the nation's largest participants in the emerging pay- per-view industry, owns and operates two satellite-delivered, 24-hour-a- day television networks featuring films and entertainment programs. Programming on the networks is sold on a pay-per-view basis through cable television systems to more than six million subscribers across the United States including Alaska and Hawaii. Graff's programming is available in hotel, as well as to consumers with home satellite dish antennas. Founded in 1987, Graff has concentrated exclusively on the development of its pay-per-view business and has grown to become a leader in this industry.
 -0- 10/16/92
 /CONTACT: J. Roger Faherty, chairman of Graff Pay-Per-View Inc., 212-941-4134, or Edward Silverman or Cynthia A. Bond of Silverman, Heller & Bond Inc., 212-682-9222, for Graff Pay-Per-View, Inc./
 (GPPV) CO: Graff Pay-Per-View-Inc. ST: New York IN: ENT SU:


SH-AH -- NY013 -- 0847 10/16/92 10:15 EDT
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Publication:PR Newswire
Date:Oct 16, 1992
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