New Media Update

DIC Entertainment Holdings, Inc.
12 February 2008



The information contained herein is restricted and is not for publication, 
release or distribution in or into the United States of America, Canada, 
Australia, New Zealand, the Republic of Ireland, South Africa or Japan or to any 
national, resident or citizen of the United States of America, Canada, Australia 
or Japan.


FOR IMMEDIATE RELEASE:


        DIC ENTERTAINMENT LAUNCHES THE FIRST KIDS' ONLINE CARTOON CHANNEL,
                              WWW.KEWLCARTOONS.COM

 Site Debuts with over 300 Streaming Videos from over 25 Television Series from
                     DIC's Extensive Library Of Programming

       Former Intermix Media (Parent Company of MySpace) Executive Named

                         DIC's New Head of Interactive


Burbank, California - February 12, 2008 -- "DIC Entertainment (DIC), a global
brand management company, has launched the first online video channel,
www.kewlcartoons.com, dedicated to new and classic cartoons for families and
children. The site serves as a one-stop entertainment destination, as well as
bridges together the web communities from DIC's array of renowned brands." The
announcement was made today by Jeffrey Edell, President & COO of DIC. DIC also
names Frederic Soulie to the new position of Head of Interactive at DIC,
managing the company's extensive network of sites and reporting to Edell, who
oversees all company operations in addition to new media initiatives.

kewlcartoons.com features 24/7, on demand channels of free streaming animated
television series from DIC's library of over 3000 half-hours of programming,
including Dino Squad, Inspector Gadget, The Littles, Liberty's Kids, as well as
live-action series such as Cake, and much more. The community also features
imkewl chat, games and more. The site is uniquely designed to work for both PC
and Mac users. Viewers can also navigate through DIC property sites that appeal
to a wide audience ranging from preschool to teens, including the following:


  * Kewlopolis.com, the site for the children's programming block, KEWLopolis
    on CBS, ties into all of the programming airing on the Saturday morning
    television block. The online community serves as a destination for Kid's
    6-12 with a portal to individual series websites. Additionally, the
    entertainment site features programming information, games, polls, news and
    more.

  * DinoSquad.com is a compelling 3-D interactive community for Boys 6 - 11,
    featuring Dinosaur avatars, multi-player games and educational information
    on global warming and the history of dinosaurs.

  * Horseland.com is a unique community that allows kids to interactively
    "breed" and "train" virtual horses, and compete with themselves and each
    other. The site synchronizes the interaction between the "Horseland"
    television series and the website, allowing users to interact with the
    characters and animals from the series. There are currently 1.5 Million
    active players on the site.

  * MommyAndMe.com, the preeminent brand for new mothers, recently
    re-launched with new features, including Mommy blogs, forums, polls and an
    exclusive mother/child play area.

  * Trollz.com is a popular and innovative online community based on the
    animated television series. The web community is cool, empowering and
    aspirational and designed to completely immerse visitors into the exciting
    world of Trollz. Using a fun and intuitive map-driven interface, visitors
    can fully explore the world of Trollzopolis and its many "gems" hidden
    inside each location. Over 250,000 kids visit Trollz.com every month.

  * The hit tween music and celebrity-driven magazine KEWL Magazine launched
    a companion site www.kewlmag.com, which is a partner in the kewlcartoons.com
    network.

  * DIC Entertainment's newly re-designed corporate site,
    www.dicentertainment.com, can also be accessed through kewlcartoons.com.


In 2008, kewlcartoons.com will grow substantially with the launch of new
property sites for DIC brands, including Eloise, Beginner's Bible, and Inspector
Gadget, celebrating its 25th anniversary, and with the addition of hundreds of
more hours of DIC programming.

"We are thrilled to have Fred's expertise in new media, particularly his
experience in the areas of development and operations from MySpace and various
other ventures," states Edell. "Under his management, we anticipate that the new
network will entertain more than 700,000 kids and serve up over 150 million
pages views each month with each site delivering on our commitment to entertain
and educate children in a safe and controlled environment." He adds. "We will
continue to build the site with new interactive elements and compelling content
to become a leading entertainment destination for kids."

Soulie joined DIC as the Senior Director of Corporate and Strategic Planning.

Prior to joining DIC, Soulie served as Manager of Strategic Planning at Intermix
Media, Inc.--the publicly traded parent company of MySpace--where he worked with
Edell who formerly served as Chairman of Intermix Media. In this capacity, he
was actively involved in the company's mergers and acquisitions. Soulie also
identified and developed post-acquisition integration strategies for five
successful acquisitions. He also managed successful online properties including
dating websites.

Soulie received an MBA in Finance from Pepperdine University in California and a
BA in International Business from the University of Montpellier in France.

A native of France, Mr. Soulie began his career at Societe Generale Bank, one of
the largest banks of the EURO zone.

For more information please visit http://www.kewlcartoons.com.


DIC Entertainment

DIC Entertainment, a fully-integrated global brand management company, is
dedicated to creating, developing, producing, distributing, marketing and
merchandising family-based intellectual properties. The Company serves as the
worldwide licensor or agent for brands such as McDonald's, Strawberry Shortcake,
Madeline, Mommy & Me, The Beginner's Bible and Eloise. DIC has distinguished
itself by building one of the largest libraries of animation worldwide with
approximately 3,000 half-hours of programming, including Inspector GadgetTM,
Dino SquadTM, Strawberry ShortcakeTM, HorselandTM, SabrinaTM, MadelineTM,
Liberty's KidsTM, Sonic The HedgehogTM and Care BearsTM. In 2007, DIC and CBS
launched a new educational and informational Saturday morning programming block,
"KEWLopolis on CBS." As a pre-eminent supplier of kid's programming worldwide,
DIC has developed strategic partnerships with key broadcast partners throughout
North America, Europe, Asia, Latin America, Africa and Australia. DIC also
acquired Copyright Promotions, a Pan-European licensing agency that represents
the licensing rights of a broad portfolio of world-renowned companies including
DreamWorks Animation, MGM, Marvel, Sony, Twentieth Century Fox, Viacom and The
Football Association. DIC is headquartered in Burbank, California with offices
in New York, Paris and London.

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For further information please contact:
Simon Forrest, Investor Relations, DIC Tel: [phone]



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