National Lampoon Joins NEXT.TV(TM) on All HP Notebooks

LOS ANGELES--(BUSINESS WIRE)--National Lampoon, Inc. (AMEX:NLN), the most widely recognized brand in comedy, announced today that it has launched a National Lampoon video channel on NEXT.TV, a revolutionary new next-generation Internet TV service.

“The new National Lampoon channel on NEXT.TV is significant as it brings us closer to our audience. Their relationship with HP and Compaq, combined with our cutting edge and relevant content, makes a great match”

NEXT.TV recently announced a partnership with Hewlett Packard and Compaq that will enable users to enjoy hit TV shows, movies, music videos, shorts, documentaries, and much more through NEXT.TV on their HP Pavilion and Compaq Presario consumer notebooks. By early 2008, all HP consumer notebooks will come pre-installed with the updated HP QuickPlay and NEXT.TV service.

"The new National Lampoon channel on NEXT.TV is significant as it brings us closer to our audience. Their relationship with HP and Compaq, combined with our cutting edge and relevant content, makes a great match," said Daniel Laikin, National Lampoon's Chief Executive Officer. "Our relationship with NEXT.TV provides another step in our progress towards building out the National Lampoon Video Network and provides another destination for our fans worldwide to view our original comedy content and interact with our programming."

“We are thrilled to have National Lampoon and its great content on NEXT.TV,” said Rex Wong, CEO of DAVE Networks. “With NEXT.TV’s global reach, viewers from around the world will be able to access great National Lampoon comedy.”

All of National Lampoon’s new programming will be made available on NEXT.TV through the National Lampoon channel. Initial programming includes National Lampoon’s hugely popular webisodes, which have drawn praise from top critics nationwide, as well as National Lampoon’s SpinCycle mashimations and the Fat Guy Nation series.

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.

About NEXT.TV

From IPTV pioneer DAVE Networks, NEXT.TV is a next generation Internet television service that combines the best of TV and the best of the Internet to deliver television and video content to PCs. Users can access NEXT.TV anywhere with a broadband wired or wireless Internet connection making mobile television a reality. More information on NEXT.TV is available at www.next.tv.