-- An Entire Team of Marvel's Best Known Super Heroes to Star in First Made-for-DVD Release in Multi-Picture Deal

-- The Avengers Team, Including Captain America(TM), The Hulk(TM) and Iron Man(TM) Team Up to Make Their Animated DVD Debut

Marvel Enterprises and Lions Gate's Family Home Entertainment, a division of Lions Gate Entertainment, have announced that the first title to be released through their recent made-for-DVD agreement will be "The Avengers"(TM). The first installment of the multi-picture home video deal, the animated feature will cast some of Marvel's most popular Super Heroes including Captain America(TM), The Hulk(TM), Iron Man(TM), and Thor(TM). Production on "The Avengers" home video release -- which will be based on the best-selling Marvel Comics series "The Ultimates" -- has already commenced. The animated feature will be distributed by Lions Gate Home Entertainment and available in stores in early 2006.

"'The Avengers' are a super hero team for the ages which combines many of Marvel's most popular and enduring characters into one cohesive unit," said David Maisel, President and COO, Marvel Studios. "They are a natural choice to launch Marvel into the fast growing made-for-DVD marketplace."

Glenn Ross, President, Lions Gate Family Home Entertainment, added, "Production on this new title marks the next chapter in our ongoing relationship with Marvel. We're excited to be able to bring high quality animation and compelling stories to a very rich cast of top Marvel characters that will satisfy both the hard core Marvel fan as well as a broader audience that is looking for great action hero entertainment."

Marvel and Lions Gate plan to develop, produce and distribute eight original animated made-for-DVD features based upon the extensive Marvel character library. Marvel is spearheading development and production with Lions Gate handling marketing and distribution. This agreement builds upon the existing theatrical relationship between Lions Gate and Marvel, under which Lions Gate released "The Punisher"(TM) to theatres earlier this year, starring Thomas Jane, Rebecca Romijn-Stamos and John Travolta, and is currently developing theatrical film releases for Marvel's "Iron Fist"(TM) and "Black Widow"(TM) characters.

About Lions Gate Entertainment

Lions Gate Entertainment is the premier independent producer and distributor of motion pictures, television programming, home entertainment, family entertainment and video-on-demand content. Its prestigious and prolific library of approximately 8,000 titles is one of the largest in the entertainment industry. The Lions Gate brand name is synonymous with original, daring, quality entertainment in markets around the globe. For further information on Lions Gate, visit http://www.lionsgatefilms.com.

About Marvel Enterprises

With a library of over 4,700 proprietary characters, Marvel Enterprises, Inc. is one of the world's most prominent character-based entertainment companies. Marvel's operations are focused in four areas: entertainment (Marvel Studios), licensing, comic book publishing and toys (Toy Biz). Marvel facilitates the creation of entertainment projects, including feature films, DVD/home video, video games and television based on its characters and also licenses its characters for use in a wide range of consumer products and services including apparel, collectibles, snack foods and promotions. Marvel's characters and plot lines are created by its comic book division which continues to expand its leadership position in the U.S. and worldwide while also serving as an invaluable source of intellectual property.