Robin Hood Foundation to Distribute the First $50M of Initial Proceeds for "12-12-12" to Organizations Helping Victims of

Robin Hood Foundation to Distribute the First $50M of Initial Proceeds for
"12-12-12" to Organizations Helping Victims of Hurricane Sandy

Additional Proceeds Continue to be Raised Through On-Going Event Merchandise
Sales; Online Auction of Exclusively Signed Memorabilia; U.S. Network
Broadcast of Concert; and Future iTunes, DVD and CD Sales

NEW YORK, Dec. 18, 2012 (GLOBE NEWSWIRE) -- The producers of the "12-12-12"
concert, which was presented by Chase, announced that the Robin Hood
Foundation will distribute the first $50M of initial proceeds for "12-12-12"
to organizations helping to aid victims of Hurricane Sandy. Fundraising
efforts have included ticket sales, sponsorships, telephone and web donations
and merchandise with additional money still coming in and being distributed to
aid the victims of Hurricane Sandy. Additional "12-12-12" contributions and
proceeds from online auctions of exclusively signed memorabilia, iTunes sales
- which peaked at #1 on the iTunes chart as a pre-order, U.S. network
broadcast of concert, DVD and CD sales, as well as continuing merchandise
sales and additional revenue streams are expected.

"12-12-12"

The event producers issued the following joint statement: "The historic
'12-12-12' concert to benefit the victims of Hurricane Sandy was the largest
concert event to ever hit the stage at Madison Square Garden, featuring the
biggest names in music and the world's leading entertainers. We are forever
grateful to the unlimited generosity that was shown to the people of the
tri-state area from around the world. Through the collective efforts of the
participating artists, celebrities, corporate partners and sponsors we will be
able to make a meaningful difference for so many of our neighbors who were
affected across the tri-state area. We thank everyone who made the event a
resounding success."

Thanks to the generosity of concert organizers, sponsors, and Robin Hood's
board of directors, every single penny from ticket purchases and donations
will go to organizations serving the victims of Hurricane Sandy through the
Robin Hood Relief Fund.The Robin Hood Relief Fund provides money, material
and know-how to local organizations that are serving families and individuals
in the regions hardest hit by the storm.

"The money raised to date is going right to hundreds of organizations in the
tri-state area serving those who need it most. Robin Hood has already begun
granting the funds for Sandy relief. We are continuing to raise funds through
various ongoing sales opportunities and donations and we urge people to
continue to contribute," said David Saltzman, executive director, Robin Hood
Foundation. 

The concert was produced by James Dolan, Executive Chairman of The Madison
Square Garden Company; John Sykes, President of Clear Channel Entertainment
Enterprises; and Harvey Weinstein, Co-Founder and Chairman of The Weinstein
Company. It was presented by Chase.

The most up to date information on "12-12-12" can be found by visiting
www.121212concert.org.

The "12-12-12" logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=15957

CONTACT: Clear Channel Media and Entertainment
         Angel Aristone / AngelAristone@clearchannel.com
         212.377.7802
        
         The Madison Square Garden Company
         Mikyl Cordova / mikyl.cordova@msg.com
         212-631-4337
        
         The Weinstein Company
         Dani Weinstein / dani.weinstein@weinsteinco.com
         212-845-8639
        
         Robin Hood Foundation
         Patty Smith / psmith@robinhood.org
         212-844-3562
        
         Chase
         Melissa Shuffield / melissa.shuffield@jpmorgan.com
         212.270.5730

The Madison Square Garden Company Logo
 
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