MTV Networks Acquires GameTrailers.com Premier Creator of Video-Based Gaming Content

Joins MTV Networks' Leading Multi-Platform Brands



    NEW YORK, Nov. 22 /PRNewswire/ -- MTV Networks, a unit of Viacom Inc.
 (NYSE:   VIA and VIA.B), has announced that it has acquired substantially all
 the assets of GameTrailers LLC, including the internet site GameTrailers.com.
 GameTrailers is a leading producer and aggregator of broadband video content
 comprehensively covering the latest and best in the world of video games. The
 terms of the transaction were not disclosed.   The announcement was made today
 by Jason Hirschhorn, Chief Digital Officer of MTV Networks.
     Adding GameTrailers.com to the MTV Networks family of targeted
 entertainment destinations, including MTV.com, VH1.com, Spiketv.com,
 ComedyCentral.com, Nick.com and many more, further expands the company's
 position as a top online entertainment network. Along with the recent
 purchases of IFILM and Neopets, the acquisition of GameTrailers.com
 underscores MTV Networks' focused and continued commitment to being the
 leading multi-platform entertainment company serving its audiences across all
 screens.
     "The acquisition of the GameTrailers business represents a strong and
 unique step forward for MTV Networks into the growing world of video-game
 culture by delivering high quality broadband video content to consumers, and
 it complements our broad efforts in video-games media across our brands," said
 Hirschhorn. "The quality and credibility of GameTrailers' work has been
 rewarded with respect among gamers and the industry alike and will take MTVN
 to new heights in this dynamic space."
     GameTrailers will join a growing stable of ongoing and event-driven video-
 games-focused content across MTV Networks, including: Video Games on MTV.com
 and MTV Overdrive; coverage of video games by MTV News; Video Mods on MTV2;
 Video GameFix, Best Gamer on Campus, the Gamers Ball Tour and programming on
 MTVU and Uber at MTVU.com; GameOrz week presenting a blitz of games focused
 programming on all MTV screens; The Video Game Awards and Game Head on Spike
 TV; and a variety of ongoing specials highlighting games and gaming culture
 year-round across MTVN's multiple platforms.
     GameTrailers has been an innovator in bringing video-game coverage to life
 through professionally produced video delivering a variety of must-have
 content to gamers.  GameTrailers' franchise productions include: GTtv game
 reviews which use actual game play footage to illustrate the highs and lows of
 popular new games; GTtv previews which give gamers premier access to games
 before they release; GTtv event coverage which brings gamers inside industry
 events like E3 and the Tokyo Games Show, and enthusiast events like Blizzcon;
 GT Weekly, a fast-paced news and features show posted each Thursday in an
 interactive format allowing gamers to selectively watch the segments they
 want; and special GTtv features such as developer interviews and game play
 footage.  Overall, GameTrailers.com offers gamers a library of more than 8,000
 pieces of broadband video about gaming including original productions,
 trailers and fan movies.
     Jon Slusser, CEO of GameTrailers, said: "We are excited about this
 acquisition, as it clearly validates our work to date and enhances MTVN's
 commitment to the video games space by serving a passionate and dedicated
 audience with top quality content and community.  We'll take advantage of the
 opportunity to form programming partnerships with MTVN brands and utilize
 MTVN's resources to create more content and grow our brand and destination."
     GameTrailers.com and its accompanying site, GT.TV, will continue to
 operate as stand-alone destinations. Slusser will continue to run the site and
 join MTV Networks as Vice President of the GameTrailers business.
 
     About GameTrailers
     GameTrailers is a leader in the multimedia revolution through its
 innovative production of broadband video-games content.  GameTrailers.com was
 started by gamers who were tired of waiting in line for slow downloads of
 small, boring gameplay footage. GameTrailers.com has built a vast library of,
 high-resolution video that users can stream immediately to their computer. The
 site serves millions of trailers a month to media-starved gamers.  Features
 offering enhanced personalization and community include game tracking,
 platform sorting, expanded forums, fan movies, user ratings and the
 GameTrailer Top20 that ranks the most popular game trailers according to user
 feedback and number of views.
 
     About MTV Networks
     MTV Networks, a unit of Viacom International Inc. (NYSE:   VIA, VIA.B), is
 one of the world's leading creators of programming and content across all
 media platforms.  MTV Networks, with more than 100 channels worldwide, owns
 and operates the following television programming services -- MTV: MUSIC
 TELEVISION, MTV2, VH1, mtvU, NICKELODEON, NICK at NITE, COMEDY CENTRAL, TV
 LAND, SPIKE TV, CMT, MTVN INTERNATIONAL and THE SUITE FROM MTV NETWORKS which
 includes LOGO, NOGGIN, VH1 Classic and 10 additional digital services, all of
 these networks are trademarks of MTV Networks.  MTV Networks connects with its
 audiences through its robust consumer products businesses and its more than 90
 interactive properties worldwide, including online, broadband, wireless and
 interactive television services and also has licensing agreements, joint
 ventures, and syndication deals whereby all of its programming services can be
 seen worldwide
     On June 14, 2005, Viacom's Board of Directors unanimously approved the
 creation of two separate publicly traded companies through a spin-off to
 Viacom stockholders. The company to be spun will retain the Viacom Inc. name
 and will be comprised of MTV Networks, BET, Paramount Pictures, Paramount Home
 Entertainment and Famous Music. The other company, to be called CBS
 Corporation, will combine the CBS and UPN broadcast networks, Viacom
 Television Stations Group, Infinity Broadcasting, Viacom Outdoor, the CBS,
 Paramount and King World televisions production and syndication operations, as
 well as Showtime, Simon & Schuster and Paramount Parks.  The spin-off is
 expected to be completed in the first quarter of 2006.
 
     Cautionary Statement Concerning Forward-looking Statements
     This news release contains both historical and forward-looking statements.
 All statements, other than statements of historical fact are, or may be deemed
 to be, forward-looking statements within the meaning of section 27A of the
 Securities Act of 1933 and section 21E of the Securities Exchange Act of 1934.
 These forward-looking statements are not based on historical facts, but rather
 reflect the Company's current expectations concerning future results and
 events. Similarly, statements that describe our objectives, plans or goals are
 or may be forward-looking statements. These forward-looking statements involve
 known and unknown risks, uncertainties and other factors that are difficult to
 predict and which may cause the actual results, performance or achievements of
 the Company to be different from any future results, performance and
 achievements expressed or implied by these statements. The forward-looking
 statements included in this document are made only as of the date of this
 document, and, under section 27A of the Securities Act and section 21E of the
 Exchange Act, we do not have any obligation to publicly update any forward-
 looking statements to reflect subsequent events or circumstances.
 
 

SOURCE MTV Networks

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