Hollywood Media Corp. Generates Positive EBITDA in February 2001

Expects to Report Positive EBITDA for the Year 2001



Apr 02, 2001, 01:00 ET from Hollywood Media Corp.

    BOCA RATON, Fla., April 2 /PRNewswire/ --
 Hollywood Media Corp. (Nasdaq:   HOLL), a leading provider of news, information
 and ticketing covering the entertainment and media industries, today announced
 that it generated positive EBITDA for the month of February, representing the
 Company's first month of positive EBITDA. The Company expects to report
 positive EBITDA for the year 2001 with anticipated interim seasonality.
     Hollywood Media Corp. reported fourth quarter and year-end 2000 financial
 results today, and will host a teleconference today at 11:00 AM EST.  To
 access a live web cast of this teleconference, please visit the Company's web
 site at http://www.hollywood.com/abouthol/finance.html.  A replay of the
 teleconference will be archived on the Company's investor relations portion of
 the Company's web site.
     Mitchell Rubenstein, Hollywood Media Corp.'s Chairman and CEO commented,
 "Hollywood Media has reached a significant milestone in our Company's
 financial performance.  As a result of our top line growth, efficient business
 model and cost cutting measures, we have generated positive EBITDA for the
 first time.  We continue to experience strong growth across our multiple
 revenue streams, with our high margin b2b businesses generating incremental
 profit margins in the 95% range."
 
     About Hollywood Media Corp.
     Hollywood Media Corp. is a leading online provider of news, information
 and ticketing covering the entertainment and media industries.  On the
 strength of its history in developing comprehensive entertainment industry
 databases, as well as its major strategic partners and unique content, the
 Company has launched a network of consumer and b2b businesses.  The Company's
 consumer sites include Hollywood.com, Broadway.com and a 30% interest in
 MovieTickets.com.  The Company's b2b units include CinemaSource, EventSource,
 ConcertSource, TheaterSource, Baseline and Theatre Direct International.
 These services supply thousands of media outlets with specific information on
 entertainment events such as movies, live theater and concerts.  The Company's
 ticketing units sell live theater tickets to shows in New York and London to
 consumers through Broadway.com and to the travel and tourism industry through
 Theater Direct International.  The Company's shares are traded on the Nasdaq
 stock market under the symbol HOLL.
 
     Note: EBITDA as described in this release is defined as earnings before
 interest, taxes, depreciation, amortization, CBS non-cash advertising expense,
 and equity in earnings from investments in which the Company has less than a
 50% interest.
 
     The matters discussed herein that are forward-looking statements are based
 on current management expectations that involve risks and uncertainties that
 may result in such expectations not being realized.  Potential risks and
 uncertainties include, but are not limited to, the risks described in
 Hollywood Media Corp.'s filings with the Securities and Exchange Commission.
 Additionally, results given are preliminary and have not been subject to
 audit.
 
 

SOURCE Hollywood Media Corp.
    BOCA RATON, Fla., April 2 /PRNewswire/ --
 Hollywood Media Corp. (Nasdaq:   HOLL), a leading provider of news, information
 and ticketing covering the entertainment and media industries, today announced
 that it generated positive EBITDA for the month of February, representing the
 Company's first month of positive EBITDA. The Company expects to report
 positive EBITDA for the year 2001 with anticipated interim seasonality.
     Hollywood Media Corp. reported fourth quarter and year-end 2000 financial
 results today, and will host a teleconference today at 11:00 AM EST.  To
 access a live web cast of this teleconference, please visit the Company's web
 site at http://www.hollywood.com/abouthol/finance.html.  A replay of the
 teleconference will be archived on the Company's investor relations portion of
 the Company's web site.
     Mitchell Rubenstein, Hollywood Media Corp.'s Chairman and CEO commented,
 "Hollywood Media has reached a significant milestone in our Company's
 financial performance.  As a result of our top line growth, efficient business
 model and cost cutting measures, we have generated positive EBITDA for the
 first time.  We continue to experience strong growth across our multiple
 revenue streams, with our high margin b2b businesses generating incremental
 profit margins in the 95% range."
 
     About Hollywood Media Corp.
     Hollywood Media Corp. is a leading online provider of news, information
 and ticketing covering the entertainment and media industries.  On the
 strength of its history in developing comprehensive entertainment industry
 databases, as well as its major strategic partners and unique content, the
 Company has launched a network of consumer and b2b businesses.  The Company's
 consumer sites include Hollywood.com, Broadway.com and a 30% interest in
 MovieTickets.com.  The Company's b2b units include CinemaSource, EventSource,
 ConcertSource, TheaterSource, Baseline and Theatre Direct International.
 These services supply thousands of media outlets with specific information on
 entertainment events such as movies, live theater and concerts.  The Company's
 ticketing units sell live theater tickets to shows in New York and London to
 consumers through Broadway.com and to the travel and tourism industry through
 Theater Direct International.  The Company's shares are traded on the Nasdaq
 stock market under the symbol HOLL.
 
     Note: EBITDA as described in this release is defined as earnings before
 interest, taxes, depreciation, amortization, CBS non-cash advertising expense,
 and equity in earnings from investments in which the Company has less than a
 50% interest.
 
     The matters discussed herein that are forward-looking statements are based
 on current management expectations that involve risks and uncertainties that
 may result in such expectations not being realized.  Potential risks and
 uncertainties include, but are not limited to, the risks described in
 Hollywood Media Corp.'s filings with the Securities and Exchange Commission.
 Additionally, results given are preliminary and have not been subject to
 audit.
 
 SOURCE  Hollywood Media Corp.

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