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| [January 26, 2005] |
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Mediacom Communications and Home Box Office Expand HBO and Cinemax Distribution Agreement Including Video on Demand and High Definition Services
MIDDLETOWN, N.Y. --(Business Wire)-- Jan. 26, 2005 -- MEDIACOM COMMUNICATIONS CORPORATION (Nasdaq: MCCC), through its operating subsidiaries, and Home Box Office, the largest premium television company in the U.S., today announced that they have expanded their carriage agreement for HBO and Cinemax and the core HBO and Cinemax digital packages offered by the premium network. The long-term agreement includes the distribution of the subscription video on demand (SVOD) services HBO On Demand and Cinemax On Demand, as well as high definition channels HBO HD and Cinemax HD.
Mediacom Communications will include HBO On Demand and Cinemax On Demand at no additional charge to HBO subscribers of its Digital Star Paks featuring HBO and Cinemax in areas that Mediacom offers on demand capabilities and in additional markets as they are launched. HBO On Demand offers subscribers unlimited access to HBO's award-winning original programming as well as Hollywood theatricals, with the flexibility and control that allows consumers to view programs on their own schedule. Cinemax On Demand offers the best films from the big screen, drawing from the biggest premium television movie library. Both services allow consumers to fast-forward, rewind and pause the programming at will.
The HBO HD and Cinemax HD services mirror the main channels, providing 75% and 70% of daily programming in true high definition, respectively. Both HBO HD and Cinemax HD will be accessible in markets where Mediacom offers its HDTV service and will continue to be rolled out to customers as the services become accessible in additional markets.
About Mediacom Communications
Mediacom Communications is the nation's eighth largest cable television company and the leading cable operator focused on serving the smaller cities and towns in the United States. Mediacom Communications offers a wide array of broadband products and services, including traditional video services, digital television, video-on-demand, digital video recorders, high definition television and high-speed Internet access.
Mediacom Communications Forward Looking Statement
Any statements in this press release that are not historical facts are forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. In some cases, you can identify those forward-looking statements by words such as "may," "will," "should," "expects," "plans," "anticipates," "believes," "estimates," "predicts," "potential," or "continues" or the negative of those words and other comparable words. These forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from historical results or those Mediacom Communications anticipates. Factors that could cause actual results to differ from those contained in the forward-looking statements include: competition in Mediacom Communications' video and high-speed Internet access businesses; Mediacom Communications' ability to achieve anticipated customer and revenue growth and to successfully introduce new products and services; increasing programming costs; changes in laws and regulations; Mediacom Communications' ability to generate sufficient cash flow to meet its debt service obligations and the other risks and uncertainties described in Mediacom Communications' annual report on Form 10-K and the other reports and documents Mediacom Communications files from time to time with the Securities and Exchange Commission. Mediacom Communications is under no obligation to (and expressly disclaims any such obligation to) publicly update or alter its forward-looking statements made in this press release, whether as a result of new information, future events or otherwise.
About Home Box Office
Home Box Office, Inc., is the premium television-programming subsidiary of Time Warner Inc., providing two 24-hour premium television services, HBO and Cinemax. Together, both networks reach approximately 39 million subscribers in the United States via cable and satellite delivery. Home Box Office's international joint ventures bring HBO branded services to more than 50 countries around the globe.
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