This year's festival will also screen eight documentaries including
"Z Channel," starring Jacqueline Bisset, Alexander Payne, Quentin Tarantino
and James Woods. Community partners
include the Town of Vail, Vail Resorts, the Vail Daily, and the Vail Valley
Foundation. A full list of community partners can be found on the Vail Film
Festival Web site.

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"We couldn't be
happier to continue the partnership with IFC and to expand the
viewership for the Spirit Awards--and independent film--through AMC.
For tickets and additional information , visit the Web site at
http://www.

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About Rainbow Media

A leader in sports, news and entertainment programming, Rainbow
Media Holdings LLC is a subsidiary of Cablevision Systems Corporation
(NYSE:CVC).

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This year's celebrity guests and nominees included Sohreh
Aghdashloo, Kevin Bacon , Zach Braff, Jeff Bridges, Bill Condon, Julie
Delpy, David Duchovny, Kimberly Elise, Vera Farmiga , Jamie Foxx, Paul
Giamatti, Virginia Madsen, Catalina Sandino Moreno, Alexander Payne,
Giovanni Ribisi, Peter Sargaard, Kyra Sedgwick, Jennifer Tilly, Mario
Van Peebles, and Mike White, among others . Rainbow Media is also a 50 percent
partner in Fox Sports Net.
IFP/LA's mentorship and job placement program, Project: Involve, pairs
filmmakers from culturally diverse communities with film industry
professionals. The film stars Will
Ferrell, Eva Mendes, Owen Wilson and Luke Wilson.

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"IFC and AMC's new agreement to broadcast the Independent Spirit
Awards dramatically expands the audience for a film event that
continues to grow in prominence," stated Rainbow Entertainment
Services (AMC, IFC, WE) President Ed Carroll.

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IFP/LA
provides its members with professional advice, educational programs,
affordable camera and equipment rentals, and discounts to hundreds of
industry-related businesses. The 2005 sponsors include presenting sponsor "Best
Life Magazine" as well as Redwood Creek, Subaru, Calvin Klein, Realities,
United Airlines, MetaFoundry and Landmark Theaters.

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Rainbow
Media's other businesses include its regional programming
services--MetroChannels, News 12 Networks and Rainbow Sports
Networks--in addition to the Rainbow Advertising Sales Corporation and
Rainbow Network Communications.

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Awards are
given in the following categories: Best Feature, Best First Feature ,
Best First Screenplay, Best Director, Best Screenplay, John Cassavetes
Award (given to the best feature made for a budget under $500,000),
Best Male Lead, Best Female Lead, Best Supporting Male , Best
Supporting Female, Best Debut Performance, Best Cinematography, Best
Foreign Film, and Best Documentary. "We'd like
the Vail Film Festival to help usher in the next century of filmmaking and
filmmakers.

Festival passes incorporate a combination of skiing, movies and music.org or call toll-free (866) 476-1092.

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"In an era where
interest in many of the big-budget pageants has declined, the Spirit
Awards has managed to stay fresh and spontaneous.

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Rainbow Media's IFC and AMC Jointly Acquire Exclusive Broadcast Rights to the Independent Spirit Awards; Deal Rejoins Rainbow with IFP-LA as Sole Home to the I

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Besides screenings, the festival will also feature workshops, seminars and
panel discussions with award-winning actors, writers and directors. The
festival will kick off with an opening night party at the newly constructed
Donovan Pavilion on Gore Creek (March 31 ), a filmmakers' reception at Larkspur
at the base of Golden Peak (April 1), the festival awards ceremony and party
on-mountain at Vail's Eagle's Nest Marketplace (April 2), and the festival
closing brunch at Larkspur (April 3).

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Business Editors/Entertainment Editors

NEW YORK----Rainbow Media 's
Independent Film Channel (IFC), AMC and the IFP/LA announced a new
agreement today, which will provide the two networks with exclusive
broadcast rights for the Independent Spirit Awards through 2009. Jackson as Master of Ceremonies and Quentin Tarantino
and Salma Hayek as Honorary Co-Chairs . In
partnership with "Best Life Magazine," the event will offer an Oscar(R) Shorts
Showcase, feature films, documentaries, shorts, student films, television
pilots and action sports.
Last year's Vail Film Festival hosted the North American premiere of
Richard Linklater's "Before Sunset," starring Ethan Hawke, which was named one
of the top five films of 2004 by many of Hollywood 's leading film critics and
nominated for an Academy Award.

The Vail Film Festival is produced by the Vail Film Institute, a
non-profit arts organization that is dedicated to fostering independent cinema
and creative filmmaking.

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Under the guidance
of Dawn Hudson and the IPF/LA, the Spirit Awards are more relevant and
entertaining than they have ever been.

Second Annual Vail Film Festival Announces Line-Up

"
New additions to the festival include films in the Oscar(R) Shorts
Showcase , including "Ryan," directed by Chris Landreth and winner of the
Academy Award for Best Short Film (animated); and "Wasp," winner of the
Academy Award for Best Short Film (live action), directed by Andrea Arnold.

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With more than 6,000
members, IFP/Los Angeles is Southern California's largest non -profit
organization for independent filmmakers. Hollywood Comes to Top-Rated Ski Resort in North America

VAIL, Colo., The Second Annual Vail Film Festival
has announced its roster of over 60 films from around the world for the 2005
Festival.
"I think the world is waiting to see how the next generation of independent
filmmakers will change the landscape of film," said Sean Cross.

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The Independent Spirit Awards, which is hosted annually on the
Saturday before the Oscars, just celebrated its 20th Anniversary
honoring films and filmmakers who embody independence and challenge
the status quo. Today's agreement continues IFC's long-standing
commitment to the awards show, ensuring the broadcast of the awards
will air live, uncut and without commercial interruption .
The Independent Spirit Awards nominees are chosen on the basis of
original, provocative subject matter; uniqueness of vision; economy of
means, with particular attention paid to total budget and individual
compensation; and percentage of independent financing.

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The Spirit Awards are a celebration honoring films made by
filmmakers who embody independence and who dare to challenge the
status quo. Presenters included Tom Arnold,
Maria Bello, Gael Garcia Bernal, Selma Blair, Cate Blanchett , Kate
Bosworth, Jesse Bradford, Benjamin Bratt, Don Cheadle, Patricia
Clarkson, Marc Forster, Jodie Foster, Philip Seymour Hoffman, David
Alan Grier, Jake Gyllenhaal, Maggie Gyllenhaal, Regina King, Val
Kilmer, Laura Linney, Olivier Martinez, Michael McKean, Bridget
Moynahan, Dennis Quaid , Aidan Quinn, Christine Ricci, Liev Schrieber,
Marisa Tomei, Michelle Trachtenberg, Robin Williams , Elijah Wood and
Robin Wright Penn.

Celebrities are defined as famous people having at least one fan site.

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For AMC, the Independent Spirit Awards will provide a new
addition to its awards lineup , which includes American Cinematheque
and Premiere's Women In Hollywood. IFP/Los Angeles also produces the IFP Independent
Spirit Awards and the Los Angeles Film Festival, celebrating the best
of American and international independent cinema. Ms. (For a complete list of this year's films visit
http: //www.

This category is for celebrities from the various arts genres whose last name begins with the letter T.

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IFP/LA's Filmmaker Labs offer writers,
directors, and producers the opportunity to develop their projects.

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Ed Carroll has time and again demonstrated his commitment to
independent filmmakers and to IFP/LA. For its 20th Anniversary, this year's award show featured
actor Samuel L. Thiesen 's is a short entitled "Just Pray" and Ms.

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"
"IFC have been our partners, uncensored broadcasters , and
unflagging supporters of the Independent Spirit Awards for over ten
years," said Dawn Hudson , Executive Director of IFP.

Filmmakers Scott and Sean Cross founded the Vail Film Festival, which has
become an annual tradition drawing talented filmmakers from around the globe . Andrew Wilson, Luke Wilson
and Owen Wilson will be in attendance to support their film.
Also at the festival to support their films will be actors turned
directors Tiffani Thiesen ("90210 ," "Just Shoot Me") and Janine Turner
("Northern Exposure"). Director Alexandra Cassavetes documents the Z Channel, one
of the first pay cable stations in the United States, and its programming
chief , Jerry Harvey.vailfilmfestival.vailfilmfestival.

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About IFP/Los Angeles

IFP/Los Angeles , a nonprofit membership organization, champions
the cause of independent film and supports a community of artists who
embody diversity, innovation, and uniqueness of vision.

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The awards show has become the vanguard event in
independent film. We're lucky to have such a
perfect alignment of goals in our two organizations."
One festival highlight will be the Colorado premiere of "The Wendell Baker
Story," directed by Luke Wilson and Andrew Wilson.
Turner will screen her short "Trip in a Summer Dress.org.

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In addition,
the deal adds the power of AMC as an additional broadcast partner ,
providing the awards show with its biggest basic cable platform for
its tape-delayed re-broadcast ."
Today's announcement continues IFC's tradition set in 1997 for
broadcasting the Independent Spirit Awards live, uncut and commercial
free. Rainbow Media owns and manages national networks: AMC,
Fuse, IFC (The Independent Film Channel) and WE: Women's
Entertainment; as well as the on -demand services: Mag Rack, Uncensored
On Demand, World Picks On Demand and World Picks Networks.

Held from March 31-April 3, the festival promotes independent
filmmaking, with a special focus on new and innovative filmmakers.
"Palindromes," the new film directed by Todd Solondz, starring Jennifer
Jason Leigh, Ellen Barkin and Richard Masur will screen at the festival along
with "The Thing About My Folks," starring Paul Reiser and Peter Falk.