January 30, 2008 06:30 ET

Peace Arch Entertainment Announces Agreement With ole for Worldwide Music Rights to Film and Television Properties

Company's Rights Administration Deal With Canada's Largest Independent Music Publisher to Open Additional Revenue Opportunities

TORONTO--(Marketwire - January 30, 2008) - Peace Arch Entertainment Group Inc. (TSX: PAE) (AMEX: PAE), an integrated global entertainment company creating and acquiring critically acclaimed film, television and DVD content for worldwide distribution, today announced a milestone worldwide distribution deal with ole, Canada's largest independent music publisher.

Under terms of the multi-year agreement, ole will administer the music rights of all Peace Arch Entertainment Group film and television properties, including the critically acclaimed TV series "The Tudors," starring Golden Globe winner Jonathan Rhys Meyers, and the upcoming theatrical release Winged Creatures starring Kate Beckinsale, Guy Pearce and Academy Award nominee Dakota Fanning.

"Music rights have emerged as yet another exceptional revenue opportunity stemming from the world-class content that Peace Arch has produced over the years," said John Flock, President and Chief Operating Officer of Peace Arch Entertainment. "We believe that partnering with ole will allow us to further exploit these opportunities on a global stage."

ole's high degree of accurate collection expertise, personal contact and service from its dedicated and expert staff continues to globally benefit such leading film and television producers as Nelvana, PorchLight Entertainment, the National Film Board Of Canada, Shaftesbury Films and Sandra Carter Global Inc. In just three short years since its inception, ole has become one of the most trusted names in delivering thorough and transparent global music rights administration.

"We're thrilled to add Peach Arch Entertainment to our list of high-profile television and film production clients that rely on ole's proven administrative expertise and global connections to collect their music publishing royalties," says Ed Killin, ole Senior Vice President, Acquisitions.

About ole

ole is a multi-national, Canadian owned, full-service music publisher. Comprised of a team of 25 experienced music publishing professionals, ole is focused on acquisitions, creative development and administration in Toronto, Nashville, and L.A. ole was voted 2007 CCMA Music Publishing Company of the Year, the first time in 15 years that the honour went to an independent. ole's core strength is copyright administration and collections worldwide for our Film & TV clients as well as our owned TV music catalogues.

ole allows Film and TV clients to monetize non-core music rights by offering aggressive advances in exchange for Administration and collection agreements of usually 5 years. ole is also active in acquiring TV music rights major acquisitions including worldwide music rights for WGBH's "Arthur," Amberwood Entertainment's "The Secret World Of Benjamin Bear" and their forthcoming 3D animated series "Rollbots," and the music to sci-fi cult series, "Lexx." The ole catalogue includes over twenty-five thousand hours of TV music.

ole has concluded worldwide publishing administration agreements with film and television producers Nelvana, Shaftesbury, Ellis Entertainment, The National Film Board of Canada, PorchLight Entertainment and Peace Arch Entertainment Group Inc. as well as many others.

ole is the Canadian sub-publisher for animation giant DiC Entertainment.

The ole website can be found at www.majorlyindie.com.

About Peace Arch Entertainment Group Inc.

Peace Arch Entertainment produces and acquires feature films, television and home entertainment content for distribution to worldwide markets. Peace Arch owns one of the largest libraries of top quality independent feature films in the world, featuring more than 1000 classic and contemporary titles. For additional information, please visit www.peacearch.com. For more investor-oriented information about Peace Arch Entertainment, visit http://www.trilogy-capital.com/tcp/peace-arch/. For current stock price quotes and news, visit http://www.trilogy-capital.com/tcp/peace-arch/quote.html. To view an Investor Fact Sheet, visit http://www.trilogy-capital.com/tcp/peace-arch/factsheet.html. To read a transcript of a recent Peace Arch investor conference call or listen to an archived recording, please visit http://www.trilogy-capital.com/tcp/peace-arch/conference.html.

Forward-Looking Statements

This press release includes statements that may constitute forward-looking statements, usually containing the words "believe," "estimate," "project," "expect," or similar expressions. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors that would cause or contribute to such differences include, but are not limited to, continued acceptance of the Company's products and services in the marketplace, competitive factors, dependence upon third-party vendors, availability of capital and other risks detailed in the Company's periodic report filings with the Securities and Exchange Commission. By making these forward-looking statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this release.