NEW YORK, NY, October 18, 2000 -- The National Football League, Fantastic Entertainment, a global provider of broadband multi-media solutions and GlobalMedia.com (NASDAQ: GLMC), a leading streaming and e-solutions provider today announced an agreement in which NFL games and related content will be available to broadband subscribers in select non-U.S. markets, employing the services and technical capabilities of Fantastic and GlobalMedia.

GlobalMedia is focused on providing revenue generating streaming and e-commerce solutions. Fantastic Entertainment is the world's leading provider of software solutions for broadband data broadcasting. GlobalMedia is the charter member of Fantastic's Developers Alliance Program, whose purpose is to develop strategic partnerships with technology innovators whose products and services enhance Fantastic's broadband multimedia solution.

"The NFL is committed to extending the reach of its games to fans around the world and to promoting new technologies and new media to achieve that goal," said Tola Murphy-Baran, senior vice president of market development, National Football League. "NFL's highly desirable content will be an effective driver in the proliferation of broadband networks worldwide. We are teaming up with two high-quality organizations, Fantastic and GlobalMedia.com, to help us deliver a content rich experience to our international fans."

Jeff Mandelbaum, chairman and CEO of GlobalMedia, stated, "This agreement represents a significant leap forward in our strategy to provide our customers with best of breed streaming-for-profit solutions. Our alliance gives us a competitive advantage in the rapidly growing applications for broadband."

"Our capabilities in offering the industry's only end-to-end solution for delivering multimedia content over any broadband network align perfectly with GlobalMedia's strategy to provide its customers with the most innovative and leading-edge solutions on the market today," said Graeme Weston, president of Fantastic Entertainment. "Together we will deliver a seamless IP anywhere solution and bring more customers into the broadband revolution."

About the NFL
The NFL is the leading sports league in new media and marketing. The NFL's New Media arm is a pioneer in enhancing fans' enjoyment of the game with cutting-edge technology. In 1994, the NFL was the first league to provide a satellite subscription package with NFL SUNDAY TICKET*. In 1995, the NFL was the first league on the Internet with NFL.com and is now easily ranked the most popular sports league site. In 1999, the NFL became the first league to web-cast games overseas in Singapore and Amsterdam.

Last year’s technology trials in Singapore and Amsterdam proved that broadband is a viable delivery option for the future. In Amsterdam on the UPC/chello platform, NFL games were streamed live via cable modem. In Singapore on Singtel Magix, NFL games were encoded and offered to subscribers on a Video On Demand basis throughout the week. Chello and SingTel continue to deliver NFL content to an expanding base of their Broadband subscribers.

About Fantastic Entertainment
Fantastic Entertainment is a subsidiary of The Fantastic Corporation. This subsidiary was formed to address the specific challenges facing traditional media organizations. Fantastic Entertainment offers an attractive new media solution to entertainment companies wishing to obtain more value from their assets.

The Fantastic Corporation is the leading provider of software solutions for data broadcasting. This is an emerging communications technology which combines point-to-multipoint digital broadcasting with point-to-point Internet connectivity, in order to deliver rich interactive media content to PCs, digital set-top boxes or handheld devices (including 3G mobile phones) over any broadband IP network.

About GlobalMedia.com

GlobalMedia.com (www.globalmedia.com) creates end-to-end solutions for streaming and e-commerce on the Internet and over broadband. GlobalMedia provides businesses with private label rich media players that generate revenue through advertising and online retail sales. Winner of the prestigious Linux Journal award for the "Best Overall Linux Solution" at Comdex '99, GlobalMedia's applications are scalable, easily implemented and highly customizable. GlobalMedia is the leading publicly traded provider of streaming solutions to traditional media broadcasters in radio, television and film.

This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Exchange Act of 1934 and is subject to safe harbor created by these sections. Actual results may differ materially due to a number of risks, including technological and operational challenges, need for additional capital, changes in consumer preferences and developments affecting the Internet.