Ventura Home Entertainment Formed by First Look Studios; New Entity Acquires Assets of Ventura Distribution; Ventura's Founder and CEO Larry Hayes Named Company's President

LOS ANGELES--()--March 21, 2006--First Look Studios (Pink Sheets:FRST), a leading independent entertainment studio, announced today that it has established Ventura Home Entertainment and acquired assets related to Ventura Distribution, Inc., which includes its vendor management system and Ventura Brand name. The announcement was made by First Look Studios CEO Henry Winterstern. Ventura Distribution is an independent U.S distributor of home entertainment. Larry Hayes, founder and CEO of Ventura Distribution, will become President of Ventura Home Entertainment.

"First Look Studios creates a powerful platform to grow Ventura Home Entertainment into an even stronger brand," said Winterstern. "We've acquired these assets, along with the Ventura brand name, because of the respect they command in the marketplace. This marks another important step in the growth of First Look Studios as it continues to become a fully vertically-integrated studio."

"I am proud of the business that we have created at Ventura and look forward to working with the team at First Look Studios and the newly formed Ventura Home Entertainment," said Larry Hayes, President of Ventura Home Entertainment. "We believe that there is tremendous opportunity to grow this new venture with these strong investors."

First Look Studios is headquartered in Los Angeles, California.

First Look Studios

First Look Studios, formed in 2005 by Henry Winterstern, is a leading independent entertainment distributor and financier with four key operating divisions (First Look Pictures - the U.S. theatrical releasing operation; First Look Home Entertainment - the U.S. video and DVD distribution operation; First Look International - the company's foreign sales operation and First Look Media - a branded entertainment arm). The Company (www.firstlookstudios.com) is headquartered in Los Angeles.

Ventura Home Entertainment is a leading provider of sales, distribution, marketing and financing services for independent producers and studios in the home entertainment marketplace.

Contacts

The Rose Group
Jeff Rose/David Glaubke/Tracy Mallozzi, 310-280-3710

Contacts

The Rose Group
Jeff Rose/David Glaubke/Tracy Mallozzi, 310-280-3710