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Hollywood.com, Inc.’s Name Change to Hollywood Media Corp. Approved By Shareholders

Name Change Reflects Company’s Expanding Network of Diversified Online and Offline Media Assets

Company Also Announces Board of Directors

HOLLYWOOD.COM, INC. (Nasdaq: HOLL), a leading provider of news, information and ticketing covering the entertainment and media industries, today announced that the Company’s previously announced name change to Hollywood Media Corp. was approved today by shareholders at the Company’s annual meeting of shareholders. The name change takes effect immediately. The Company’s ticker symbol will remain HOLL.

Mitchell Rubenstein, Chairman and CEO of Hollywood.com Media Corp., stated: “The name change to Hollywood Media Corp. reflects our success in expanding beyond the core Hollywood.com web site. By leveraging our profitable and established database information assets, Hollywood.com, Inc. has evolved into a leading provider of entertainment information and ticketing to not only consumers, but to businesses both online and offline.

“Through our network of ‘Source’ businesses including CinemaSource, EventSource, ConcertSource and TheaterSource, we provide our content to thousands of media outlets on a global basis. In addition, through HollywoodPro, a next-generation version of the 17-year-old entertainment research service, Baseline, we provide subscribers with valuable entertainment research, including Hollywood studios, research services, financial institutions and the news media. Finally, through our 31% owned subsidiary, MovieTickets.com, we currently have exclusive agreements to sell tickets online for theaters in 100% of the top ten markets and 70% of the top 50 markets in the United States and Canada.

“Taken as a whole, we are focused on providing both businesses and consumers with a broad and deep collection of entertainment content, ticketing and related information that capitalizes on the multi-billion dollar entertainment industry.” In addition, shareholders also elected the following individuals to serve on the Company’s Board of Directors.

Mitchell Rubenstein, Chairman and Chief Executive Officer of Hollywood Media Corp. Laurie S. Silvers, Vice Chairman and President of Hollywood Media Corp. Dr. Martin H. Greenberg, Chief Executive Officer of Tekno Books Harry T. Hoffman, former President and Chief Executive Officer of Waldenbooks, Inc. Russell I. Pillar, President and Chief Executive Officer of Viacom Interactive Ventures Jules L. Plangere, Jr., former Chairman of New Jersey Press, Inc. Mitchell Semel, Senior Vice President, Programming, East Coast of CBS Entertainment Deborah J. Simon, Senior Vice President of Simon Property Group David Williams, President and Chief Executive Officer of Tribune Media Services

“The broad experience of our Board of Directors serves as a tremendous resource to this Company,” commented Mitchell Rubenstein. “We remain focused on increasing shareholder value over the long-term.”

About the Company

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Hollywood Media Corp., formerly Hollywood.com, Inc., is a leading online provider of news, information and ticketing covering the entertainment and media industries. On the strength of its 17-year history in developing comprehensive entertainment industry databases, as well as its major strategic partners and unique content, the Company has launched a network of consumer and b2b businesses. The Company’s consumer sites include Hollywood.com, Broadway.com and a 30% interest in MovieTickets.com. The Company’s b2b units include CinemaSource, EventSource, ConcertSource, TheaterSource, HollywoodPro and Theatre Direct International. These services supply thousands of media outlets with specific information on entertainment events such as movies, live theater and concerts. The Company’s ticketing units sell live theater tickets to shows in New York and London to consumers through Broadway.com and to the travel and tourism industry through Theater Direct International. The Company’s shares are traded on the Nasdaq stock market under the symbol HOLL.

(The matters discussed herein that are forward-looking statements are based on current management expectations that involve risks and uncertainties that may result in such expectations not being realized. Potential risks and uncertainties include, but are not limited to, the risks described in Hollywood Media Corp.’s filings with the Securities and Exchange Commission.)

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