WARNER MUSIC GROUP AND HYPERBOLE STUDIOS FORM MULTIMEDIA PARTNERSHIP

NEW YORK, October 5, 1994 - Warner Music Group and Seattle-based HyperBole
Studios, a leading developer of interactive entertainment, have formed a
joint venture to produce and market interactive CD-ROM titles. Warner
Music Group and HyperBole Studios previously announced that Warner Music
Group companies are providing worldwide distribution, manufacturing,
packaging and printing services for HyperBole products.

Founded in 1990 by Greg Roach, the company's artistic director, HyperBole
produces ground-breaking interactive cinema and multimedia that combines
elements of novels, films and video games.

Warner Music Group, the world's leading music and entertainment company, is
a division of Time Warner, Inc.

Hyperbole Studios
2225 Fourth Avenue, Second Floor
Seattle, WA 98121
206-441-8334,    Fax 206-441-9134

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