NEW LINE CINEMA AND SCHOLASTIC MEDIA PUT FINISHING TOUCHES ON ONE OF THE YEAR’S MOST ANTICIPATED FILMS THE GOLDEN COMPASS


Toy Line, Interactive Games, Publishing and Apparel Lay Foundation For Merchandising Program

New York, NY (July 25, 2007) -- It has been dubbed by many as the “next Lord of the Rings” and called a “brilliant” masterpiece by some of the world’s most renowned literary critics. The Golden Compass, the first book in the best-selling and award-winning His Dark Materials trilogy, published by Scholastic U.K., will hit the big screen on December 7, 2007.  Scholastic Media and New Line Cinema are now finalizing its licensing program.  With Sega tapped as interactive partner, master toy licensee Corgi International creating an extensive line of toys and collectibles, and a list of more than 40 licensing partners worldwide, The Golden Compass merchandising program is set to be a major holiday success story.
 
“The buzz for The Golden Compass has been fantastic and we’re excited to launch product at retail in the fall,” said Leslye Schaefer, Senior Vice President of Marketing and Consumer Products for Scholastic Media. “The film provides so much rich material and we know that fans are anxiously awaiting products based on this incredibly popular story.”
 
“ When you have a story that features fierce armored polar bears, talking transformable ‘daemons’ and the magical altheometer its easy to see why fantasy fans worldwide are eagerly awaiting the merchandising program for The Golden Compass” said Dave Imhoff, New Line’s Senior Executive Vice President of Worldwide Licensing and Merchanding
 
Scholastic has recently signed on Sababa Toys and MEGA Brands in the board game & puzzle category.  Each company will develop variations on board game themes that take players through the fantasy adventure created in The Golden Compass mythology.  Additional categories include apparel, home décor, card & DVD board game, food & candy, stationary, gift & novelty and publishing. Scholastic is publishing the movie tie-in books throughout the world in the English language.  The publishing covers a range of titles and formats, including The Official Illustrated Movie Companion, Visual Explorer – The Definitive Guide to Lyra’s World, The World of The Golden Compass, The Story of the Movie, Movie Storybook, Shuffle-Puzzle Book, Poster Book and The Official Movie Quiz Book.
 
A full list of licensees is available upon request.
 
The Golden Compass is co-produced by New Line Cinema and Deborah Forte, President of Scholastic Media, and written and directed by Chris Weitz (About A Boy, Antz). 
 
The Successful World of The Golden Compass 
His Dark Materials has been praised by critics and has a passionate worldwide fan base.  With more than 14 million books sold across the globe that have been translated into 37 different languages, the trilogy was the first children’s series ever to be honored with England’s prestigious Whitbread Book of the Year Award. An epic two-part, six-hour stage production of the story at London’s Royal Theatre also received numerous honors, including three prestigious Olivier nominations, with consistently sold-out performances throughout its run.  The website www.goldencompassmovie.com has already garnered millions of page views.
 

About Scholastic Media
Scholastic Media (SM), the entertainment and media division of Scholastic, is a leading producer of quality, family-oriented content across multiple platforms, including feature films, television programming, videos, interactive and audio products, and web sites, and is a major developer and marketer of children's brands worldwide. Among SM's award-winning and top-rated productions are the animated series Clifford The Big Red Dog® (PBS KIDS®); the Emmy award-winning spin-off series Clifford's Puppy Days™(PBS KIDS); I SPY (HBO Family); The Magic School Bus®(TLC); Goosebumps®; Animorphs®; and Maya & Miguel™ (PBS KIDS GO!). SM's critically-acclaimed feature films include Clifford's Really Big Movie, The Indian in the Cupboard, The Babysitters Club Movie, and The Mighty. SM also produced the forthcoming film The Golden Compass, based on the award-winning Philip Pullman trilogy His Dark Materials, for New Line Cinema. Scholastic is a co-creator of the new multi-platform qubo® network for children, which promotes literacy and positive values through entertainment.  Provided by Scholastic, Dragon is the new pre-school series airing on qubo®.
 
Scholastic: About Scholastic
Scholastic Corporation (NASDAQ: SCHL) is the world's largest publisher and distributor of children's books and a leader in educational technology.  Scholastic creates quality educational and entertaining materials and products for use in school and at home, including children's books, magazines, technology-based products, teacher materials, television programming, film, videos and toys.  The Company distributes its products and services through a variety of channels, including proprietary school-based book clubs, school-based book fairs, and school-based and direct-to-home continuity programs; retail stores, schools, libraries and television networks; and the Company's Internet site, www.scholastic.com.
 

About New Line Cinema
Celebrating its 40th anniversary, New Line Cinema is the most successful independent film company in the world.  Its mission is to produce innovative, popular and profitable entertainment in the best creative environment.  In addition to the production, marketing and distribution of theatrical motion pictures, the fully-integrated studio has divisions devoted to home entertainment, television, music, theater, merchandising and an international unit.  In 2005, New Line partnered with HBO to form Picturehouse, a new theatrical distribution company to release independent films.  A pioneer in franchise filmmaking, New Line’s Oscar-winning The Lord of the Rings trilogy is one of the most successful film franchises in history.  New Line is a division of Time Warner, Inc. (TWX).


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BENDER/HELPER IMPACT
Brian Reinert
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