Jupiter Merges With VOD Unit

TOKYO -- Jupiter Entertainment Co., Ltd. (President: Hiroyuki Nakatani; Headquarters:Tokyo), and Jupiter VOD Co., Ltd. (President: Toru Araki; Headquarters: Tokyo), are pleased toannounce that the two companies will merge on or about November 1, 2007.Jupiter Entertainment operates the Movie Plus channel, which boasts the largest number of moviechannel subscribers in Japan, and LaLa TV, which broadcasts popular programs for women andother foreign TV drama series including U.S., Korean, as well as cooking and travel shows. JupiterEntertainment provides these two channels to cable companies, Sky PerfecTV! and IP multicastbroadcasters.

Jupiter VOD, a provider of VOD contents for CATV systems, offers Japanese and foreign movies,TV drama series, and animation programs to Jupiter Telecommunications Co., Ltd. (J:COM,President and CEO: Tomoyuki Moriizumi; Headquarters: Tokyo), the largest multiple-systemoperator in Japan.

The merger of these two companies will create synergy in content acquisition, programming, andmarketing activities within the organization. The merger will also improve Jupiter Entertainment’sbusiness efficiencies and enable the company to further expand its business operations byenhancing its content lineup.

Jupiter Telecommunications Co. Ltd. (J:COM)