IN LANDMARK MOVE, NBC UNIVERSAL TELEVISION GROUP SIGNS DEVELOPMENT DEAL WITH GALAN ENTERTAINMENT FOR PRODUCTION OF TELENOVELAS IN ENGLISH ACROSS ITS MANY NETWORKS

IN LANDMARK MOVE, NBC UNIVERSAL TELEVISION GROUP SIGNS DEVELOPMENT DEAL WITH GALAN ENTERTAINMENT FOR PRODUCTION OF TELENOVELAS IN ENGLISH ACROSS ITS MANY NETWORKS

Unlike Other Network Agreements, NBC Universal, Gal?n Entertainment and Telemundo Will Leverage Existing Assets of Novela Production System Perfected by Telemundo for Spanish Market

BURBANK - February 27, 2006 - In a landmark move, NBC Universal Television Group has signed a two-year, first-look development deal with Gal?n Entertainment for the production of telenovelas and other Spanish-language formats in English across its many networks, it was announced today by Jeff Zucker, Chief Executive Officer, NBC Universal Television Group.

In contrast to other similar network arrangements, NBC Universal, Gal?n Entertainment and Telemundo will leverage the existing assets and expertise of the novela production system perfected by Telemundo -- the second-largest Spanish-language content producer in the world -- for the Spanish market. Telemundo will license all its formats, in addition to other acquired formats, to Gal?n Entertainment to re-develop into English.

"This represents a fantastic opportunity to achieve many of our goals at NBCU," said Zucker. "With this, we can better integrate our English and Spanish-speaking audiences in a way that no other broadcaster can do. It shows the tremendous promise we first saw when we brought Telemundo into the NBC family."

"The deal further highlights the value of GE's and NBCU's investment in Spanish-language television," said Don Browne, President, Telemundo. "Nely Gal?n provides the perfect bridge to transport the great development, production and writing talents of the Telemundo team into English language."

"It is a dream come true to take the genre I grew up with and be able to cross it over. I expect to see novelas as a staple of American TV," said Nely Gal?n, President, Galan Entertainment. "My experience producing programs in both English and Spanish will allow me to fine tune these formats and maximize their impact on the American television audience."

The deal will have G?lan Entertainment re-shape Telemundo and other suppliers' Spanish language formats for the English market, first for NBC, USA and Bravo, and then for other networks. Gal?n, who is the former President of Entertainment for Telemundo, has produced over 600 episodes of television in both Spanish and English. Most recently, she created the hit show "The Swan."

The first project to be developed for production this summer will be the wildly successful Telemundo production "Body of Desire," written by Julio Jimenez.

Key players in the Telemundo Studios team are Patricio Wills, head of Telemundo Studios; Marcos Santana, head of development; and Derek Bond, head of production.