NEW YORK, Oct. 22, 2012 /PRNewswire/ -- YOU On Demand Holdings, Inc. (NASDAQ: YOD), China's leading national Pay-Per-View (PPV) and Video On Demand (VOD) platform has entered a licensing agreement with Screen Media Ventures to distribute their films via Transactional Video On Demand (TVOD) and Subscription Video On Demand (SVOD). Among the Screen Media films that will be available through YOU On Demand are Mike Myers' " Austin Powers: International Man of Mystery," "Drop Dead Gorgeous," starring Kirstin Dunst, "What's Eating Gilbert Grape," featuring Leonardo DiCaprio's breakout Oscar® nominated performance opposite Johnny Depp, "Where The Heart Is," starring Ashley Judd and Natalie Portman and the romantic comedy "Music From Another Room," starring Jude Law and Gretchen Moll. "Screen Media is one of the leaders in distribution and marketing of independent feature films and we're very excited about adding their content to our platform," said Shane McMahon, Chairman and CEO of YOU On Demand. Screen Media now joins Warner Bros. Entertainment, Disney Media Distribution, NBCUniversal, Paramount Pictures, Lionsgate, Miramax, Magnolia Pictures, Gravitas Ventures, Film Buff, K2 Communications, 3net and Big Mama Digital Entertainment (Karaoke) as content providers working with YOU On Demand in its efforts to bring the best in home entertainment to audiences in China. About YOU On Demand Holdings, Inc. YOU On Demand is the leading national Pay-Per-View and Video On Demand platform in China. The Company offers high quality premium content to customers across China through its Near Video On Demand (NVOD), Video On Demand (VOD) and Subscription Video On Demand (SVOD) services. The Company consists of a portfolio of businesses that include alliances with leading media operators, comprehensive end-to-end content delivery, an exclusive billing solution, governmental partnerships and approvals, and value added services. YOU On Demand has secured strategic partnerships with the largest media entities in China, and has a highly experienced management team with a strong background in Cable, Television, Media and Telecom. The company is headquartered in New York, NY, with its China headquarters in Beijing. For more information, visit http://www.yod.com. About Screen Media Films Screen Media Ventures, LLC, a leading global independent motion picture distribution company with a broad distribution network that includes US and international theatrical, home video, television, cable and new media distribution, with one of the largest independently owned motion picture libraries in the world. In 2011, Screen Media launched its wholly-owned ad-supported streaming channel Popcornflix, which is now available in multiple international territories and soon to expand worldwide. The Company was founded in 1999 and is headquartered in New York City. For more information, visit www.screenmedia.net. Safe Harbor Statement This press release contains certain statements that may include "forward looking statements." All statements other than statements of historical fact included herein are "forward-looking statements." These forward looking statements are often identified by the use of forward-looking terminology such as "believes," "expects" or similar expressions, involve known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company's periodic reports that are filed with the Securities and Exchange Commission and available on its website ( http://www.sec.gov). All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements. CONTACT: Jason FinkelsteinYOU On Demand212-206-1216 Jason.Finkelstein@yod.comStuart ZakimBridge Strategic Communications for YOU On Demand732-754-9051 firstname.lastname@example.org SOURCE YOU On Demand Holdings, Inc.