MIRAMAX, BOEING, AMC THEATRES, AND A MULTI-INDUSTRY TEAM JOIN FORCES TO REVOLUTIONIZE FILM DISTRIBUTION



         Satellite Distribution Slashes Costs and Streamlines Releases

                                      Miramax Films, The Boeing Company and AMC Theatres today
                                      demonstrated a system that digitally transmits first-run films directly to
                                      movie theatres via fiber and satellite-based networks. The industry team
                                      includes Williams CommunicationsVyvx Services, Texas Instruments,
                                      QuVIS, and EnergyDigital. To highlight the technical achievement, the team
                                      projected the movie Bounce, starring Ben Affleck and Gwyneth Paltrow
                                      which opens nationwide Nov. 17.

                                      "This is a landmark day for the movie business-the beginning of a new,
                                      faster, and better way to distribute motion pictures," said Mark Gill,
                                      President of Miramax Films L.A. "Thanks to Boeing, secure, high quality
                                      satellite movie delivery is not a futuristic notion, but a fully functioning
                                      reality five years ahead of its time. For moviegoers, this is the start of a
                                      massive quality improvement: the end of torn film, fading and scratches, and
                                      the beginning of true digital projection, where the last screening of a movie
                                      looks as good as the first."

                                      "We see this as a natural application of satellite technology," said Jim
                                      Albaugh, President of Boeing Space & Communications Group. "Working
                                      with our partners we were able to develop an innovative application solution
                                      that will greatly reduce distribution costs for the motion picture industry
                                      while expanding entertainment options for theatre operators."

                                      "A satellite's inherent capability to deliver point-to-multi-point information
                                      allows it to send one movie to thousands of theatres in a matter of hours at
                                      a fraction of traditional costs," added Tig H. Krekel, President of Boeing
                                      Satellite Systems. "We can distribute locally, nationally or worldwide in a
                                      matter of hours."

                                      "AMC Theatres, as an industry innovator and a leading proponent of digital
                                      technology is very pleased to join with Miramax and Boeing in showcasing
                                      this exciting new distribution system for digital content," said Peter Brown,
                                      Chairman and Chief Executive Officer of AMC Entertainment Inc. "We
                                      believe it is a great step forward in our efforts to bring the highest quality
                                      motion picture presentation and additional programming options to our
                                      guests.

                                      " Other teammates include Texas Instruments, Williams Communications,
                                      QuVIS Corporation and EnergyDigital.

                                      Miramax Films: is providing the movie ("Bounce", starring Ben Affleck and
                                      Gwyneth Paltrow). It opens in theaters nationwide on Nov. 17. The AMC
                                      Empire will play the film exclusively in digital format. Mr. Affleck, a
                                      renowned technology enthusiast also attended the event. The Academy
                                      Award-winning writer and actor rose to prominence with "Good Will
                                      Hunting" and has starred in such box office hits as "Armageddon" and
                                      "Shakespeare In Love."

                                      Boeing: provided encryption and satellite transmission of the movie
                                      ("Bounce"), and other video segments and movie trailers via a new content
                                      management and transmission system. This open architecture system draws
                                      on Boeing's extensive commercial and military satellite experience. It will
                                      allow secure transmission of movies to thousands of theaters
                                      simultaneously. The company has named the system Cinema Connexion by
                                      BoeingSM.

                                      AMC Theatres: has already outfitted two of its auditoriums in the Empire
                                      25 Theatres in Times Square with digital projection, and now has installed a
                                      satellite dish and all the software and hardware to securely receive, store
                                      and project a motion picture digitally. The company has installed digital
                                      projection in nine of its megaplex screens in the U.S. and Japan.

                                      The Walt Disney Company: "Tarzan," "Toy Story 2," "Fantasia 2000,"
                                      "Bicentennial Man," "Dinosaur" and the upcoming "102 Dalmations" and
                                      "The Emperor's New Groove" have been (or will be) digitally projected in
                                      31 theaters in 10 countries around the world via digital data disks shipped to
                                      theaters. In the future, cinema delivery will also be by satellite and by fiber
                                      wireline. At this event, Disney outlined its vision of where new cinema
                                      technology will take the movie business. It also showed digital footage that
                                      showcases the possibilities of live event programming on the big screen.

                                      Texas Instruments: is providing the digital projectors that out-perform film
                                      for the first time-especially after a movie's first week (when torn film,
                                      fading and scratches significantly reduce viewing quality).

                                      QuVIS Corporation: designed and manufactures the QuBit, the video server
                                      that provides three essential functions for this project including in-theater
                                      storage, compression and control of digital motion pictures.

                                      Williams Communications Vyvx Services: provided secure fiber-optic
                                      transmission for the digital motion picture through its network operations
                                      center and satellite uplink support. The company has been delivering
                                      broadband media solutions for over a decade.

                                      EnergyDigital: designed and orchestrated this event. It specializes in
                                      convergence of the wide range of companies, content and technologies
                                      needed to make digital cinema possible.

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