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CBS and Amazon Announce Digital Video Licensing Agreement

NEW YORK SEATTLE July 20, 2011

Amazon Prime customers will be able to instantly watch thousands of episodes from the CBS library at no additional cost to their membership.  With the deal, Amazon will add 2,000 episodes to grow the total number of Prime instant videos to more than 8,000 movies and television shows, and offer full seasons for 18 popular television series, including "The Tudors," "Numb3rs," "Medium," the complete "Star Trek" franchise, "Frasier" and "Cheers."  Starting this summer, dozens of CBS shows will also become available to Amazon Instant Video customers.

Jeff Bezos

Leslie Moonves

Amazon Instant Video is a streaming video service that offers customers more than 90,000 movies and television shows available to purchase or rent, and with this CBS content included, will offer more than 6,000 movies and television shows included at no additional cost with an Amazon Prime membership.  Customers can instantly watch movies and television shows from Amazon on a Mac, PC or directly on television with any of the 300 compatible devices.

About CBS Corporation

www.cbscorporation.com

About Amazon.com

Seattle July 1995

www.amazon.com www.amazon.co.uk www.amazon.de www.amazon.co.jp www.amazon.fr www.amazon.ca www.amazon.cn www.amazon.it

Forward-Looking Statements

This announcement contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934.  Actual results may differ significantly from management’s expectations. These forward-looking statements involve risks and uncertainties that include, among others, risks related to competition, management of growth, new products, services and technologies, potential fluctuations in operating results, international expansion, outcomes of legal proceedings and claims, fulfillment center optimization, seasonality, commercial agreements, acquisitions and strategic transactions, foreign exchange rates, system interruption, inventory, government regulation and taxation, payments and fraud.  More information about factors that potentially could affect Amazon.com’s financial results is included in Amazon.com’s filings with the Securities and Exchange Commission, including its most recent Annual Report on Form 10-K and subsequent filings.

SOURCE CBS Corporation

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