New York, NY - Twentieth Century Fox Film, a unit of the Fox Entertainment Group (NYSE: FOX), and Home Box Office (HBO), a division of Time Warner Entertainment, L.P., have signed a new, exclusive long-term licensing deal for theatrical releases from 20th Century Fox Film. The agreement was announced by Bill Mechanic, Fox Filmed Entertainment Chairman and CEO, Mark Kaner, President of 20th Century Fox International Television and Worldwide Pay TV, Jeff Bewkes, HBO Chairman and CEO, and Steve Scheffer, HBO President, Film Programming, Video and Enterprises.

The deal, which extends through Fox's 2009 releases, encompasses all theatrical releases from Fox Filmed Entertainment, including those produced by 20th Century Fox Film, Fox Searchlight, Fox 2000, and Fox Animation Studios. Upcoming Fox movies that will be coming to HBO include: Anna and The King, starring Jodie Foster and Chow Yun-Fat; The Beach, starring Leonardo DiCaprio; X-Men, starring Ian McKellen and Patrick Stewart; Navy Diver, starring Robert DeNiro and Cuba Gooding; Me, Myself and Irene, starring Jim Carrey and directed by Peter Farrelly and Bobby Farrelly; and Castaway, starring Tom Hanks.

"We have been business partners with HBO for nearly 20 years and it's gratifying to know that this relationship will extend now long into the future," said Bill Mechanic.

"Fox has consistently been one of the leading studios in Hollywood. We're delighted to continue this longstanding and valued partnership," said Jeff Bewkes.

Twentieth Century Fox Film Corporation is a unit of Fox Filmed Entertainment, a unit of Fox Entertainment Group, Inc.

Home Box Office is the premium television programming division of Time Warner Entertainment Company, L.P., providing two 24-hour premium television services, HBO and Cinemax. Together, both networks reach nearly 35 million subscribers in the United States via a variety of distribution modes including cable, C-band satellite, direct broadcast satellite (DBS), microwave (MMDS) and in the lodging industry. Home Box Office's international ventures bring HBO branded services to more than 40 countries around the globe.

CONTACT:
Henry Gomez
HBO
(212) 512-1778

Andrew Butcher
Fox
(212) 852-7070