SOURCE: OverDrive, Inc.

October 10, 2005 07:15 ET

OverDrive Signs With Egami Media to Distribute DVD and Film Titles for Video on Demand

Leading Catalog of Concerts, Classic, Foreign, and Independent Films to Be Available as Downloads Through Network of Public Libraries

CLEVELAND, OH -- (MARKET WIRE) -- October 10, 2005 -- Leading digital media distributor OverDrive, Inc. announced today that it has entered into a distribution agreement with Egami Media, Inc., a wholly owned subsidiary of Image Entertainment, Inc. (NASDAQ: DISK), to digitally distribute its extensive catalog of video titles for download by public and school libraries. Under the terms of the agreement OverDrive is encoding hundreds of concert videos, classic films, TV and Broadway programs into digital format for download delivery to students and patrons desktop PC or other internet connected devices. OverDrive eBook and download audiobook titles are currently available online from over 1,000 public and school library websites.

"Egami Media's vast catalog of home entertainment videos includes thousands of DVD titles that will be enthusiastically downloaded by millions of library cardholders with broadband," stated Steve Potash, CEO of OverDrive, Inc. "Librarians are asking OverDrive to provide 24/7 digital access to these DVD titles for their patrons avoiding the costs and handling associated with VHS tapes or DVDs," he added.

A sampling of the popular titles available as part of the agreement include concert DVDs: "Cher: The Farewell Tour," "James Brown: Live from The House Blues," "Ramones: RAW"; feature films including "Short Circuit" starring Steve Guttenberg and Ally Sheedy; "Victor Victoria" starring Julie Andrews; TV and film comedies from Red Skelton, Rodney Dangerfield and Jamie Foxx; and IMAX movies "Coral Reef Adventures," "To the Limit" and "Adrenaline Rush."

"Libraries are trusted parts of our community and it is that trust that makes them a compelling avenue for the distribution of programs not easily found at local retailers. Our mission, to become the world's premier independent distributor of digital content, will be accomplished by aggressively expanding our digital library and by strongly supporting partners like Overdrive with new programs each quarter," said Martin W. Greenwald, president and CEO of Image Entertainment and chairman of the board of Egami Media. "Much in the same way that downloadable audiobooks have been embraced by libraries and listeners across the country, we look forward to working with OverDrive in growing this exciting digital distribution channel for Video-on-Demand."

About OverDrive:

OverDrive is a leading provider of trusted digital media. For more information please visit http://www.overdrive.com.

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