Grease

LOS ANGELES – July 1st 2009 – 505 Games today announced it has secured the global publishing rights for a video game based on the original high school musical, Grease. Working in collaboration with Paramount Digital Entertainment, 505 Games will oversee and publish a Grease video game for the Nintendo Wii™ and Nintendo DS™.

The Grease video game will allow players to sing and dance alongside Danny, Sandy, The Pink Ladies and the T-Birds. The game will take full advantage of the Nintendo Wii’s motion-sensing controls and microphone, and the DS’s touch screen to create exciting gameplay for casual and family gamers eager to experience Grease in a new medium.

“We are really excited about working with Paramount Digital Entertainment to turn this world famous film into a video game for the very first time. Working with such a well known and much loved brand is a great opportunity and we believe the collaboration further strengthens 505 Games’ entertainment portfolio,” commented Ian Howe, Managing Director 505 Games.

“Paramount Digital Entertainment is pleased to be working with 505 Games to develop Grease,” said John Kavanagh, Senior Vice President of Video Games for Paramount Digital Entertainment. “ Grease is the ideal opportunity to reach a broad gaming audience who love to sing, dance and have fun with a party-style game.”

Grease will be released on Nintendo Wii and Nintendo DS and co-published by 505 Games and Paramount Digital Entertainment.

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About Paramount Digital Entertainment

Paramount Digital Entertainment (PDE) is a division of Paramount Pictures Corporation. PDE develops and distributes filmed entertainment across worldwide digital distribution platforms including online, mobile and portable devices, videogames, virtual worlds and emerging technologies.

Paramount Pictures Corporation (PPC), a global producer and distributor of filmed entertainment, is a unit of Viacom (NYSE: VIA, VIA.B), a leading content company with prominent and respected film, television and digital entertainment brands. The company's labels include Paramount Pictures, Paramount Vantage, Paramount Classics, MTV Films and Nickelodeon Movies. PPC operations also include Paramount Digital Entertainment, Paramount Famous Productions, Paramount Home Entertainment, Paramount Pictures International, Paramount Licensing Inc., Paramount Studio Group, and Worldwide Television Distribution.

About 505 Games

505 Games, headquartered in Milton Keynes, is dedicated to the publishing and international distribution of full price, mid-range and budget computer and videogames in EMEA (Europe, Middle East and Africa) markets and Australia. The current portfolio includes the best selling games Cooking Mama, ArmA: Armed Assault, Bust-a-Move and Armored Core and covers all gaming platforms, including next generation consoles like Sony PlayStation® 3, Nintendo Wii™ and Microsoft Xbox 360™. For More information on 505 Games and its products please visit www.505games.co.uk

For more Paramount Digital Entertainment, please contact:

Stacy Miles

Bender/Helper Impact for Paramount Digital Entertainment

415-847-4400

stacy_miles@bhimpact.com

For more information on 505 Games, please contact:

Mark Allen

European Consumer Communications Manager

505 Games

mallen@505games.co.uk

+44 (0)1908 607772