Warner Music Group and MTV Networks to Announce Landmark Global Agreement

Warner Music Group and MTV Networks to Announce Landmark Global Agreement

WHAT: MTV Networks, a unit of Viacom International Inc. (NYSE:VIA)(NYSE: )(NYSE:VIA.B), and Warner Music Group (NYSE:WMG) will announce an

unprecedented global agreement.

WHO: Edgar Bronfman Jr., Chairman and CEO of Warner Music Group Judy McGrath, Chairman and CEO of MTV Networks Van Toffler, President of MTV Networks Music/Logo Group Bill Roedy, Vice Chairman, MTV Networks & President, MTV Networks International Alex Zubillaga, Executive Vice President, Digital Strategy and Business Development of Warner Music Group

WHEN: Monday, September 26, 2005 3:30 pm UK Time, 10:30 am ET, 7:30 AM PT

HOW: Domestic Dial-in Number: 888-810-3140 International Dial-in Number: +1-210-234-0021 Passcode: WARNER MUSIC

About Warner Music Group

Warner Music Group (WMG) became the only stand-alone music company to be publicly traded in the United States in May 2005. With its broad roster of new stars and legendary artists, Warner Music Group is home to a collection of the best-known record labels in the music industry including Atlantic, Bad Boy, Elektra, Lava, Maverick, Nonesuch, Reprise, Rhino, Sire, Warner Bros. and Word. Warner Music International, a leading company in national and international repertoire operates through numerous international affiliates and licensees in more than 50 countries. Warner Music Group also includes Warner/Chappell Music, one of the world's leading music publishers, with a catalog of more than one million copyrights worldwide. For more information about Warner Music Group, visit our corporate website at http://www.wmg.com/.

About MTV Networks

MTV Networks, a unit of Viacom International Inc. (NYSE:VIA)(NYSE:VIA.B), is one of the world's leading creators of programming and content across all media platforms, with 111 channels and 94 web sites reaching 167 territories worldwide. MTV Networks 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, NOGGIN, LOGO, as well as international brands TMF (The Music Factory), VIVA, Game One, Paramount Comedy Channel, Flux, and a host of other digital channel brands worldwide, including a package of 13 digital services in the United States. MTV Networks connects with its audiences through its robust consumer products businesses and its extensive 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.

Media Contacts:

Jeannie Kedas Lauren Hurvitz Glenna Patton MTV Networks Music Group MTV Networks MTV Networks International 212-846-4629 212-846-8036 +44 20 7478 5274

Will Tanous Amanda Collins Warner Music Group Warner Music Group 212-275-2244 212-275-2213

PRNewswire -- Sept. 23

Source: MTV Networks

Web site: http://www.mtv.com/

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