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SUNNYVALE, Calif. & MARINA DEL REY, Calif.--Nov. 9, 2000--

iBEAM Broadcasting Corp., a global streaming media network, and CinemaNow, an online distributor of feature films that have been in theatrical, video and DVD release, announced the launch of CinemaNow's pay-per-view service using iBEAM's integrated e-commerce platform. The video-on-demand pay-per-view service, which starts with today's premiere of "Heaven's Burning," starring Russell Crowe, is the first major Internet-based pay-per-view initiative for streaming feature films. Crowe, who was nominated for an Academy Award for Best Actor for "The Insider" in 1999 and has won international acclaim for his work in such films as "Gladiator" and "L.A. Confidential," co-stars in the pay-per-view movie with Youki Kudoh of "Snow Falling on Cedars."

iBEAM's Pay-Per-View Manager enables Internet content providers to generate revenue by charging viewers directly for special live and on-demand streaming events, such as sporting events, comedy shows, concerts, and full-length feature films. iBEAM's platform is designed to handle the largest streaming media events on the Internet, and is able to register and process more than 100,000 users in a 10-minute window. iBEAM will use digital rights management capabilities and its On-Guard services to provide payment processing and manage access and usage reporting for CinemaNow. The service will feature Microsoft's Windows Media Player for playing the movies and Microsoft's Windows Media Rights Manager for the digital rights management functions.

"CinemaNow is a pioneer in the Internet entertainment space, and their feature of `Heaven's Burning' is a giant step towards establishing a new, sustainable model in streaming media," said Tom Gillis, senior vice president and general manager of media services at iBEAM. "The streaming media business will be realized through the deployment of innovative, useful tools for generating revenue opportunities for our Internet content customers."

Curt Marvis, CinemaNow's CEO, said, "We're building our pay-per-view service with best-of-breed providers to ensure consumers have an enjoyable experience in ease-of-use, security, and quality of the video stream. iBEAM's platform offers the high level of transactional security we need for our pay-per-view service to be viable and profitable."

The pay-per-view service will offer films from CinemaNow's growing library of acquisitions to which it holds exclusive Internet distribution rights, including films from the Lions Gate, Trimark Pictures, Tai Seng, Allied Artists, and Salvation libraries. Films offered through pay-per-view will be available for $2.99 on demand for 48 hours from purchase.

About iBEAM Broadcasting Corp.
iBEAM Broadcasting Corp. offers streaming media distribution, revenue-producing applications, and interactive Webcasting services to major media companies, corporations, and financial services providers. iBEAM is leading the future of streaming media through its focus on customer care and improving its customers' businesses. iBEAM's On-Target ad insertion technology and Activecast interactive Webcasting capabilities create value for companies who use streaming media. iBEAM currently delivers nearly 60 million streams per month across its network of high-performance servers located in more than 160 networks around the world, connected by satellite and augmented with fiber optic cable. More than 400 innovative companies use iBEAM, including media and corporate leaders Sony Music Entertainment, MSNBC.com, LAUNCH.com, and IBM/Lotus Development Corporation. iBEAM was founded in 1998.

About CinemaNow
CinemaNow, Inc. is majority owned by Lions Gate Films. CinemaNow holds exclusive Internet distribution rights to the most extensive and comprehensive library of features available on demand via the Internet.

The "Watch CinemaNow" section of the site currently streams more than 200 feature length films that have been in theatrical and/ or video and DVD release, using Windows Media Player as its primary platform. CinemaNow controls exclusive Internet distribution rights to more than 750 films from the Lions Gate, Trimark, Allied Artists, Salvation, and Tai Seng libraries. Additionally, through its film festival sponsorship program, CinemaNow is building a network of dedicated festival channels to bring regional content to a global audience and is a conduit via its "Make CinemaNow" section for independent filmmakers to find audiences both on the Internet and through conventional distribution.