Comedy Central, National Lampoon Agree to Multi-Picture, First Window Film Package

Deal Includes "National Lampoon's Bag Boy," "National Lampoon's Ratko: The Dictator's Son" and "National Lampoon's 301: The Legend of Awesomest Maximus Wallace Leonidas"

NEW YORK, Sep 24, 2007 -- COMEDY CENTRAL and National Lampoon Inc. (AMEX:NLN) today announced that they have reached an agreement for the first broadcast-window premiere rights to a multi-picture package of National Lampoon movies, it was announced today by David Bernath, senior vice president, programming, COMEDY CENTRAL and Tom Daniels, president of world wide distribution, National Lampoon.

As part of the agreement COMEDY CENTRAL has acquired the first-window premiere rights to "National Lampoon's Bag Boy," a tale of an underdog and his quest to become the #1 grocery bagger in all the land, "National Lampoon's Ratko: The Dictator's Son," the story of a party animal son of Eastern Europe's most despicable tyrant who comes to the United States to get his college education, and "National Lampoon's 301: The Legend of Awesomest Maximus Wallace Leonidas," the recently announced spoof of "300."

"Our audience matches up so well with the target demographic of the National Lampoon franchise and this deal enables us to give our viewers something special, the first opportunity to see the films outside of their theatrical runs," said Bernath.

"We're delighted to be partnering with COMEDY CENTRAL to deliver their viewers the broadcast premieres of National Lampoon's first ever in-house produced movies," said Daniels. "We can't think of a better broadcast partner for the National Lampoon brand than COMEDY CENTRAL, and we look forward to premiering more movies with them going forward."

NATIONAL LAMPOON'S BAG BOY

Set in the highly competitive world of championship grocery bagging, this is the tale of underdog Phil Piedmonstein and his quest to become the #1 grocery bagger in all the land, outbagging the invincible Cliff "The Windmill" Wynorski in the International Bag-Off and winning over the girl of his dreams in the process. The film will be executive produced by National Lampoon and Conundrum Entertainment ("Shallow Hal," "Me, Myself And Irene") and directed by Mort Nathan (writer of "Kingpin," writer/director of "Boat Trip" and "National Lampoon's Van Wilder 2: The Rise of Taj").

NATIONAL LAMPOON'S RATKO: THE DICTATOR'S SON

The party animal son of Eastern Europe's most despicable tyrant comes to the United States to get his college education. When the reception isn't as warm as he expected, particularly from the politically active American girl who wins his heart, he realizes the error of his father's ways and helps change his country, and the world, for the better.

NATIONAL LAMPOON'S 301: THE LEGEND OF AWESOMEST MAXIMUS WALLACE LEONIDAS

A spoof of sword-and-sandal epics like "Troy," "Gladiator," "300" and "Braveheart," "National Lampoon's 301" will tell the tale of out of shape Spartan general, Awesomest, on his quest for greatness.

About National Lampoon

National Lampoon, Inc. (AMEX:NLN) has been a dominant force in the US comedy world for almost 40 years, and is currently active in a broad array of media and entertainment segments. These include feature films, television programming, online and interactive entertainment, home video, audio, and book publishing. The Company also owns interests in all major National Lampoon properties, including National Lampoon's Animal House, the National Lampoon Vacation series and National Lampoon's Van Wilder. National Lampoon reaches nearly one in four of all 18 to 24 year old college students in America today. The Company has three core operating divisions: National Lampoon Films, which includes production along with theatrical and video distribution of feature films; College Marketing Division; and National Lampoon Networks, providing humor content through a number of platforms. These include its National Lampoon College TV network, the National Lampoon Humor Network - the most trafficked humor sites on the web, Toga TV.com - the company's broadband channel, and the new National Lampoon Video Network, which includes channels on YouTube, AOL, Yahoo, Joost, and a number of digital video platforms across the Internet. These are all anchored by the award winning comedy website www.nationallampoon.com

Source: Viacom

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