SHOWTIME NETWORKS AND AMBLIN PARTNERS ANNOUNCE OUTPUT AGREEMENT FOR AMBLIN PARTNERS' FEATURE FILM TITLES

Showtime Networks To Air The Company's Films Through 2021 Theatrical Releases

LOS ANGELES - July 11, 2016 - Showtime Networks Inc. and Amblin Partners have entered into an exclusive output agreement under which qualifying Amblin Entertainment, DreamWorks Pictures and Participant Media films theatrically released through December 2021 will air across SHOWTIME(R), THE MOVIE CHANNEL(TM) and FLIX(R), as well as on SHOWTIME multiplex channels and streaming services. The agreement, which extends the existing relationship between DreamWorks Pictures and Showtime Networks, allows it to exhibit high-profile Amblin Partners' features across its premium channels on-air, on demand and over the internet. The announcement was made today by Kent Sevener, Senior Vice President, Content Acquisition, Showtime Networks Inc. and Jeff Small, Co-CEO, Amblin Partners.

The deal will include up to nine films annually produced under the Amblin Partners umbrella, up to six of which will be under the Amblin Entertainment and DreamWorks Pictures labels and up to three of which will be under the Participant Media label. Upcoming theatrical releases included under the existing DreamWorks deal and the new deal with Amblin are The Light Between Oceans starring Alicia Vikander and Michael Fassbender, The Girl on the Train starring Emily Blunt and Ghost in the Shell starring Scarlett Johansson.

"We are delighted to finalize our output deal with Amblin Partners, as we continue to offer DreamWorks Pictures and now Amblin and Participant theatrical films to our subscribers," said Sevener. "Coupled with our award-winning series, specials, documentaries and sports offerings, as well as our current supply of theatrical titles, these critically-acclaimed films add incredible value to our programming slate."

"Showtime has been a terrific partner for many years, and we are thrilled that they will continue to be a home for our pictures for years to come," said Jeff Small, Co-CEO of Amblin Partners.

"We're pleased to bring Participant films to the Showtime audience," said David Linde, CEO of Participant Media. "This is our first television output deal and marks an important step as the company continues to grow through our partnership in Amblin Partners."

About Showtime Networks Inc.

Showtime Networks Inc. (SNI), a wholly-owned subsidiary of CBS Corporation, owns and operates the premium television networks SHOWTIME(R), THE MOVIE CHANNEL(TM) and FLIX(R), and also offers SHOWTIME ON DEMAND(R), THE MOVIE CHANNEL(TM) ON DEMAND and FLIX ON DEMAND(R), and the network's authentication service SHOWTIME ANYTIME(R). Showtime Digital Inc., a wholly-owned subsidiary of SNI, operates the stand-alone streaming service SHOWTIME(R). SHOWTIME is currently available to subscribers via cable, DBS and telco providers, and as a stand-alone streaming service through Apple(R), Roku(R), Amazon and Google. Consumers can also subscribe to SHOWTIME via Hulu, Sony PlayStation(R) Vue and Amazon Prime Video. SNI also manages Smithsonian Networks(TM), a joint venture between SNI and the Smithsonian Institution, which offers Smithsonian Channel(TM) and Smithsonian Earth(TM). SNI markets and distributes sports and entertainment events for exhibition to subscribers on a pay-per-view basis through SHOWTIME PPV. For more information, go to www.SHO.com.

About Amblin Partners

Amblin Partners is a content creation company formed by DreamWorks Studios, Participant Media, Reliance Entertainment and Entertainment One (eOne). The company develops and produces films using the Amblin, DreamWorks Pictures and Participant banners and includes Amblin Television, a longtime leader in quality programming. Film projects in various stages of production include: "The Light Between Oceans," scheduled for release by Disney in 2016; "The Girl on the Train," scheduled for release in October 2016; "Office Christmas Party," scheduled for release in December 2016; "A Dog's Purpose," "Ghost in the Shell" and "Thank You For Your Service" all scheduled for release in 2017. Current and upcoming shows from Amblin TV include "All the Way," directed by Jay Roach and starring Bryan Cranston, and "American Gothic," a summer series that will air on CBS.