GREASE IS THE WORD!

FOX ENROLLS AT RYDELL HIGH WITH PARAMOUNT TELEVISION'S "GREASE LIVE," THE FIRST-EVER LIVE BROADCAST PRODUCTION OF ICONIC MUSICAL "GREASE"

THREE-HOUR LIVE EVENT TO AIR DURING 2015 ON FOX

Get ready to do the hand jive as FOX enrolls at Rydell High with GREASE LIVE (working title), a LIVE three-hour production of the massively popular crossover musical "Grease," it was announced today by Kevin Reilly, Chairman of Entertainment, Fox Broadcasting Company (FOX); and Paramount Television. Scheduled to air LIVE during 2015 and featuring a young ensemble cast, GREASE LIVE (wt) will reintroduce the great music and timeless story to an entirely new generation.

Based on the 1971 Broadway musical of the same name with book, lyrics and music by the legendary team of Warren Casey and Jim Jacobs, the 1978 hit film "Grease," starring John Travolta and Olivia Newton-John, grossed nearly $400 million worldwide, making it the highest-grossing movie musical ever.

"From Broadway to film, and across generations, 'Grease' is one of the most beloved musical stories ever told - and we can't wait to bring it to our air in a spectacular live event," said Shana C. Waterman, Senior Vice President of Event Series for FOX. "Its iconic characters and addictive songs make it the perfect fit for FOX, and we're going to give it the kind of star power and production quality to make every Sandy, Danny, Rizzo and Kenickie out there want to get up and sing along."

"It's incredibly exciting to have one of our first major network productions be based on this universally celebrated Paramount title, and we're thrilled to be partnering with Kevin, Joe and Shana on this epic television event," said Amy Powell, President, Paramount TV. "FOX's passion for engaging audiences with bold storytelling and live musical formats make it a perfect home for this special broadcast."

GREASE LIVE will electrify television audiences everywhere with live performances of the unforgettable Casey/Jacobs songs "Summer Nights," "Greased Lightnin'" and "We Go Together"; as well as the iconic songs written by John Farrar, "Hopelessly Devoted to You" and "You're the One That I Want." The broadcast will reimagine some of the story's most memorable moments and characters from the T-Birds and Pink Ladies, including DANNY ZUKO, RIZZO and SANDY.

GREASE LIVE will be a Paramount Television production. Cast and additional production team partners to be announced.

About Fox Broadcasting Company

Fox Broadcasting Company (FOX), a unit of 21st Century Fox, is home to some of the highest-rated and most acclaimed series on television, including AMERICAN IDOL, THE FOLLOWING, NEW GIRL, GLEE, BROOKLYN NINE-NINE, THE SIMPSONS, FAMILY GUY and SLEEPY HOLLOW. The network ranked No. 1 in the key adult demographic for eight of the past 10 seasons and continues to dominate all network competition in the more targeted Adults 18-34 and Teen demographics. FOX airs 15 hours of primetime programming a week as well as late-night entertainment programming, major sports and Sunday morning news. "Like" FOX on Facebook at facebook.com/FOXTV and follow the network on Twitter @FOXTV. For additional information about FOX, please visit fox.com.

About Paramount Television

Paramount Television develops and finances a wide range of creative television programming across all media platforms. Paramount Television is part of Paramount Pictures Corporation (PPC), a global producer and distributor of filmed entertainment. PPC is a division of Viacom (NASDAQ: VIAB, VIA), a global content company with premier television, film and digital entertainment brands.