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KOCH Entertainment and Lorber Media Launch

New DVD Film Label

(Port Washington, New York) February 10, 2003 -- Michael Koch and Richard Lorber announced today the launch of KOCH LORBER Films, a new DVD label dedicated to the best in recent and classic world cinema, independent documentaries, music and the performing arts.  KOCH Entertainment, the leading independent music distributor in the U.S., will distribute the new video line.

KOCH Entertainment Distribution, led by its president Michael Rosenberg, recently expanded into DVD distribution. Richard Lorber, head of Lorber Media and founder of Fox Lorber Video, will serve as the venture's President, with Michael Koch, C.E.O. of KOCH Entertainment as Chairman.

"With its experienced sales and distribution team, strong specialty marketing arm and direct accounts that encompass virtually every wholesale and retail outlet, KOCH Entertainment is the ideal partner for our new quality DVD label," said Richard Lorber.

"Fox Lorber (now Wellspring) was one of the best boutique video brands and we are confident that Richard, together with our expertise and resources, can build an even stronger new company in this still-expanding DVD market," said Michael Koch.

KOCH LORBER Films will launch in the second quarter of 2003 with an anticipated release schedule of 20 to 24 collectible titles per year.  Most will be priced at $24.98 and all will include DVD extras in enhanced digital formats.  The feature film programming line up will include a mix of major classics and sought-after newer titles never before released on DVD, recent award-winning independent cinema from all over the world and acclaimed theatrical documentary features, many driven by music or music-based subjects.  With KOCH Entertainment's unique capabilities in mind, some DVD releases will have accompanying CD audio products co-distributed or bundled with the videos. KOCH LORBER also plans to release selected music, performance and cultural arts programs originating from major producers and channels all over the world.


About Lorber Media

Richard Lorber co-founded Fox Lorber over 20 years ago, and moved the company into direct video distribution in 1991.  Fox Lorber became the leading independent video distributor of foreign, art house and documentary films with a stellar catalogue of over 500 world-class, critically-acclaimed titles from such eminent directors such as Truffaut, Kurosawa, Godard, Tarkowsky, Rohmer, Wertmüller, Antonioni, Fassbinder and newer talents like John Woo, Steven Soderbergh and Francois Ozon. 

Earlier, Lorber co-founded the specialty marketer New Video Group, which developed and currently distributes A&E Home Video for the Arts & Entertainment Network.  After spinning off New Video, Fox Lorber secured an investment from telecommunications company Winstar in 1996, which allowed Lorber to expand his “world class cinema” library and move aggressively into early DVD distribution.  By 1998 the company had achieved 4 % market share of all DVD titles in release and approximately 20% market share of all foreign film titles in all forms of video release.  Richard Lorber left Fox Lorber and Winstar in 2001 to form Lorber Media where he would focus on international programming investments and domestic distribution financing.

Lorber regularly attends various international program markets and film festivals from year to year, including Sundance, NATPE, American Film Market, MIP TV, Cannes, VSDA, Montreal, Hamptons, Berlin and the L.A. Independent Film Festival.  Lorber Media’s homepage address is: www.lorbermedia.com

About KOCH Entertainment

KOCH Entertainment, the leading and fastest-growing independent music company in the U.S., entered the video market three years ago.  Its operations include record and video labels and distribution companies in the U.S. and Canada.  KOCH Entertainment is the market leader among independents in both the U.S. and Canada and its record labels had the largest number of Billboard-charting albums among independents in 2002.  KOCH Entertainment’s distribution homepage address is: www.kochent.com

For more information on KOCH LORBER Films, please contact James Scileppi (516) 484-1000 Ext. 243 or email james.scileppi@kochent.com 

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