TVN Entertainment and Avail Media Merge

Combined Company Provides the Foundation for Next Generation Digital Media
Services
SHERMAN OAKS, Calif. & RESTON, Va.--(Business Wire)--
TVN Entertainment Corp., the world`s largest video on demand (VOD) company, and
Avail Media, the only independent aggregator and provider of linear content,
today announced that they are merging. Together, TVN and Avail Media represent
the first fully integrated, end-to-end solution for content owners and service
providers. Columbia Capital, Novak Biddle Venture Partners, Valhalla Partners,
Pioneer Ventures and the National Rural Telecommunications Cooperative (NRTC)
have invested to create a scalable and extensible platform enabling delivery of
next generation video distribution services. Terms were not disclosed.

"We are moving quickly to an environment in which consumers can access any type
of program - movies, TV shows, sports, news - on any device at any time," said
Phil Herget of Columbia Capital. "No one company has assembled all the necessary
components to ensure that content is provisioned, packaged, protected and
delivered across multiple view platforms, multiple distribution partners in
support of multiple business models in a seamless and integrated way. The
combination of TVN and Avail provides the end-to-end solution to enable our
customers to meet these evolving consumer demands."

The combination creates the largest independent provider of end-to-end content
aggregation, management, and service offerings, delivering content from more
than 200 content partners, including Hollywood movie studios, cable networks and
independent content producers to more than 46 million homes and 120 million
consumers. Through this merger, both Avail Media and TVN Entertainment will
extend the technologies and content offerings available to their customers on a
global basis; today the companies provide services to nearly every television
provider in North America. These expanded services include Video over Broadband
(VoB), targeted advertising and interactive applications. In addition to the
extensive Hollywood movie studio content available from both companies, joint
customers will now enjoy the ability to offer linear programming from national
broadcasters and even more localized, genre-specific, ethnic/international, and
long-tail content to distribute to their subscribers.

"In these challenging times, delivering value to consumers and investing in the
future takes on even greater importance for our customers," said Ramu Potarazu,
CEO of the newly created company and former President and COO of Intelsat. "The
combined platform and reach of TVN Entertainment and Avail Media allows content
owners and service providers of all types to outsource the manual, specialized
function of managing and delivering video entertainment via an expert
organization that performs these functions efficiently and cost effectively now
and in the future. Whether it is delivering video to the television screen
today, or to the PC and mobile device tomorrow, our team shares a common vision
of enabling both content owners and service providers to profitably deliver the
services consumers want."

"TVN`s shareholders, management, and staff are excited about the opportunities
that the combination of TVN and Avail will create," said Michael Petrick of
Morgan Stanley and Chairman of the Board of TVN. "We are grateful to the
management team and our Board for their hard work and to our shareholders for
their support over the last eight years."

TVN used Cowen and Company as its exclusive financial advisor and Montgomery &
Hansen, LLP as its legal advisor. Avail Media was advised by Cooley Godward
Kronish LLP.

About TVN Entertainment

TVN Entertainment Corporation, the leading television on-demand company, works
with every major studio, network, and telecommunications video provider in North
America. TVN is the preferred provider of original on-demand programs and
networks. TVN supports an open, advanced technology platform, and offers the
most comprehensive, end-to-end solution for licensing, managing, distributing
and marketing on-demand content to virtually any platform. For more information
about TVN`s products and services, please visit www.TVN.com.

About Avail Media

Avail Media is the industry leader in providing managed content aggregation
services through a fully-integrated, head-end infrastructure for the profitable
deployment of IP video. Avail Media is the only company today to deliver to its
affiliates a combined MPEG-4 linear IPTV, HD Overlay (MPEG-2/4) programming
solution, and Video On Demand (VOD) solution. The Avail Media solution includes
a full content lineup of live television programming with hundreds of channels,
all quality-encoded in MPEG-4, IP-encapsulated, encrypted and designed for
future value-added services. Avail Media's system has been designed for use by
video providers of multiple types - whether triple-play, quad-play, or pure
video play. For more information, please visit www.availmedia.com.

For Avail Media:
Media Strategies
Cheryl Delgreco, (617) 723-4004
cdelgreco@msipr.com
or
For TVN:
Atomic PR
Marco Torresi, (310) 689-7581
marco@atomicpr.com

Copyright Business Wire 2009