PARAMOUNT NETWORKS LAND "HARRY POTTER" IN EXCLUSIVE U.S. LINEAR LICENSING DEAL FOR WARNER BROS.' ICONIC FILM FRANCHISE

Landmark Agreement Brings "Harry Potter" and "Fantastic Beasts" Films to MTV, Nickelodeon, Nick at Nite and Paramount Network, Beginning July 3

Paramount is bringing the world of "Harry Potter" to MTV, Nickelodeon, Nick at Nite and Paramount Network for the first time, starting Friday, July 3. The Company inked a multi-year licensing agreement with Warner Bros. Discovery, making Paramount's family of brands the exclusive linear home of the beloved franchise spanning 11 films and nearly 40 hours of storytelling across the "Harry Potter" and "Fantastic Beasts" library.

"Expanding Paramount's portfolio with the 'Harry Potter' and 'Fantastic Beasts' films underscores our commitment to delivering world-class franchises to the wide range of audiences our brands serve," said Laurel Weir, head of programming and acquisitions for Paramount Media Networks and chief research and insights officer for TV Media. "As one of the most beloved and enduring franchises in entertainment, 'Harry Potter' continues to captivate audiences across generations, and this addition enables us to deliver the magic and adventure of these timeless stories to fans of all ages."

The programming rollout for each network is as follows:

· MTV: MTV will debut the franchise with a special holiday weekend event, beginning Friday, July 3 at 12:00 PM, ET/PT through Sunday, July 5, featuring a marathon of all eight films from the original "Harry Potter" series.

· Paramount Network: Paramount Network will present a week-long event showcasing all eight "Harry Potter" and all three "Fantastic Beasts" films, with a featured movie each weeknight beginning Monday, July 13 at 6:00 PM, ET/PT, and continuing through Sunday, July 19, with weekend airings beginning at 12:00 PM, ET/PT.

· Nickelodeon/Nick at Nite: Nick at Nite will host a week-long event showcasing all eight "Harry Potter" movies beginning Sunday, Aug. 9 at 7:00 PM, ET/PT, with each title encoring the next day on Nickelodeon. Later in the summer, as part of Warner Bros. Discovery's annual "Back to Hogwarts" celebrations, Nickelodeon will air the "Harry Potter" films over the Labor Day holiday weekend, beginning Thursday, Sept. 3, inaugurating its own participation in the global activations.       

Films Included in the Agreement

· "Harry Potter" Films

o HARRY POTTER AND THE SORCERER'S STONE(TM)

o HARRY POTTER AND THE CHAMBER OF SECRETS(TM)

o HARRY POTTER AND THE PRISONER OF AZKABAN(TM)

o HARRY POTTER AND THE GOBLET OF FIRE(TM)

o HARRY POTTER AND THE ORDER OF THE PHOENIX(TM)

o HARRY POTTER AND THE HALF-BLOOD PRINCE(TM)

o HARRY POTTER AND THE DEATHLY HALLOWS(TM) - PART 1

o HARRY POTTER AND THE DEATHLY HALLOWS(TM) - PART 2

· "Fantastic Beasts" Films

o FANTASTIC BEASTS AND WHERE TO FIND THEM

o FANTASTIC BEASTS: THE CRIMES OF GRINDELWALD

o FANTASTIC BEASTS: THE SECRETS OF DUMBLEDORE

About the "Harry Potter" Franchise

From the moment 11-year-old Harry Potter met Rubeus Hagrid, Keeper of Keys and Grounds at Hogwarts School of Witchcraft and Wizardry, his adventures have left an indelible mark on popular culture. Today, over 25 years later, the "Harry Potter" phenomenon thrives as one of the most successful and best-loved entertainment properties in history.

J.K. Rowling's best-selling "Harry Potter" novels have been brought to life in an ever-evolving, interconnected universe that is loved by millions of fans worldwide. Eight blockbuster Warner Bros. Pictures "Harry Potter" films and three epic "Fantastic Beasts" films bring the spellbinding action to life on screen, "Harry Potter and the Cursed Child" mesmerizes on stage, and state-of-the-art video and mobile games from Portkey Games allow players to experience the wizarding world like never before. Fans can proudly showcase their passion through innovative consumer products, and thrill at spectacular location-based experiences - including five theme park lands at Universal Studios locations around the world.

This expanding portfolio of Warner Bros. Discovery-owned "Harry Potter" and "Fantastic Beasts" offerings includes ground-breaking touring experiences and events, each developed to celebrate special moments and locations that fans cherish, as well as the Platform 9 3⁄4 retail shops and iconic flagship store - Harry Potter New York. Wizards, Witches and Muggles alike can also discover something new as they explore behind-the-scenes secrets at Warner Bros. Studio Tour London - The Making of Harry Potter and Warner Bros. Studio Tour Tokyo - The Making of Harry Potter.

With a new HBO Original TV series based on the "Harry Potter" books on the way, this extended world continues to provide the community with fresh and exciting ways to interact. For its global fans, and for generations to come, it invites everyone in to find the magic for themselves.

For the latest "Harry Potter" and "Fantastic Beasts" news and features, visit www.harrypotter.com.

About Warner Bros. Discovery Global Content Sales

Warner Bros. Discovery Global Content Sales (WBDGCS) is one of the leading distributors of entertainment programming in the world, bringing award-winning movies, television, animation and digital content produced by Warner Bros. Discovery to the homes and screens of millions worldwide. Licensing content from Warner Bros. Pictures, Warner Bros. Television, HBO, Discovery, Cartoon Network, TBS and more, WBDGCS brings fans of Warner Bros. Discovery's content even more ways to watch when and how they want across streaming, video-on-demand, cable, satellite and broadcast networks, local television stations, airlines and through digital purchases. For more information: www.wbd.com.

About Paramount's TV Media Group

MTV, Paramount Network, Nickelodeon and Nick at Nite are part of Paramount's TV Media Group, a flagship division of Paramount, a Skydance Corporation (Nasdaq: PSKY). The Group encompasses the Company's broadcast and cable television businesses, delivering world-class entertainment, news and sports across every platform. Its powerhouse portfolio includes CBS Television Network, CBS News, CBS Stations, CBS Sports and CBS Media Ventures, alongside a collection of iconic brands including BET, Comedy Central, MTV and Nickelodeon. The Group is also home to award-winning studios - CBS Studios, See It Now Studios, BET Studios, MTV Entertainment Studios and Nickelodeon Animation Studios - which produce original series and beloved programming that connects with audiences across platforms globally.

For more information, visit https://www.paramount.com.