EMI takes stake in Newsplayer

Newsplayer Group PLC
27 November 2001

                     EMI TAKES EQUITY STAKE IN NEWSPLAYER
                        AND GRANTS LICENCE FOR VIDEOTV


LONDON, 27 NOVEMBER 2001 - EMI Recorded Music and Newsplayer Group (NPG) have
signed a five-year non-exclusive agreement to licence footage from EMI's
catalogue of historic and current video material to NPG's new on-line music
video subscription streaming service, VideoTV (www.video.tv). Virgin Holding
Inc. (a division of EMI Recorded Music) is also taking an equity stake in NPG
(please see details below).

VideoTV will provide subscribers with an interactive, on-line database of EMI
music videos and video footage featuring artists and groups spanning the 20th
Century such as Nat King Cole, Genesis and Geri Halliwell. EMI will also make
available some additional audio and visual material for the service.

VideoTV will be a retrospective music video subscription service offering a
decade-by-decade view of the history of music and music videos. Subscribers
will be able to search and retrieve music videos by type of music, artist and
year of recording, and those who also subscribe to the Newsplayer news
archive will be able to view news footage together with contemporary music
videos from VideoTV. NPG expect the worldwide rollout of VideoTV in the new
year.

Ronnie Planalp, senior vice president, new media, for EMI Recorded Music -
Europe, said: 'EMI has a fantastic heritage and catalogue, built up since the
company was founded in 1897. We are delighted to be working with a company
that has already established a model for online subscription-based streaming
services.'

Paul Duffen, Chief Executive of NPG, said: 'This agreement supports
Newsplayer's strategy of obtaining licences for high-quality media content
and distributing it through our proprietary new media channels. EMI's
extensive catalogue clearly makes them our partner of choice as a content
provider for VideoTV.'

This is the first time EMI has reached an agreement with an online video
subscription service. EMI has already partnered with four online audio
subscription services - Full Audio, MusicNet, pressplay and Streamwaves.
Including this agreement with NPG, EMI has now partnered with over 40 online
and new media companies all over the world ensuring that EMI's artists enjoy
the widest possible distribution for their music and video in the online as
well as the physical world.

As part of the agreement, Virgin Holdings Inc. will subscribe for 3,290,300
ordinary shares of 1 pence each in the capital of NPG ('New Ordinary Shares')
at par value, representing 4.76% of the enlarged share capital of NPG.

Virgin Holdings Inc. also have an option to subscribe for a further 173,140
ordinary shares of 1 pence each in the capital of NPG at par for a period of
three months following the next AGM of NPG.

Application has been made for the New Ordinary Shares to be admitted to
trading on the Alternative Investment Market of the London Stock Exchange
('AIM'). It is expected that admission to trading on AIM and dealings in the
New Ordinary Shares will commence on 29 November 2001.

                                   -ENDS-

Enquiries:

EMI Group, London                      Newsplayer Group
Amanda Conroy,tel: [phone]       Paul Duffen, CEO    tel: [phone]
Richard O'Brien, tel: [phone]    Barry Llewellyn, Co-founder

                                       For Newsplayer Group:
                                       Brunswick          tel: [phone]
                                       Gavin Partington
                                       Harry Chathli

Notes to Editors:


EMI Recorded Music

EMI Recorded Music, the third-largest record company in the world, is an
international music company with a presence in nearly 70 countries. Its
sister division, EMI Music Publishing, is the world's largest music
publisher. EMI Recorded Music includes important local and international
artists, including some of the biggest names in the recorded music industry.
EMI has artists in every leading music genre, including pop, rock, jazz,
classical, Latin, Christian, country, rap/urban and dance. Its world famous
labels include Angel, Blue Note, Capitol, Chrysalis, EMI, EMI Classics,
Parlophone, Priority and Virgin. Its current roster includes approximately
1,500 artists, and it releases over 1,000 albums each year.


Newsplayer Group plc

Newsplayer Group plc is a new media company that exploits rights and/or
licences to television and cinema content and markets them globally to
business, educational and consumer audiences using interactive technology.
Revenues are generated from the licensing of content to third parties, from
subscription fees paid by schools and colleges for access to bespoke
educational products, from subscription and pay-per-view fees paid by
consumers, and from shared advertising revenues.

NPG has a range of on-line channels including:

 *  Newsplayer.com - newsreel video footage from 1896 to 2000 from the archives
    of ITN and Reuters
 *  Frost.tv - hundreds of landmark interviews conducted by Sir David Frost
    over 40 years
 *  Screenplayer.com - Showbiz footage and biographies of the Hollywood Stars
    of the 20th Century
 *  Ucreate.tv - online video editing application