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MDP Worldwide Entertainment Inc. Changes its Name to M8 Entertainment Inc. / Divertissements M8 Inc.

4/6/2004

MDP Worldwide Entertainment Inc. ("MDP" or the "Corporation") (TSX: MDP.A and MDP.B), a leading Canadian film entertainment company engaged in the development, financing, production, and worldwide distribution of theatrical feature films, announced today that the Corporation has changed its name to M8 Entertainment Inc./Divertissements M8 Inc. This change is pursuant to the vote of shareholders taken at the annual and special meeting of shareholders held on March 25, 2004 in Los Angeles, California.

"With the recent success of the Academy Award-winning film 'Monster,' MDP's principal U.S. subsidiary Media 8 Entertainment has gained a very strong reputation as one of the leading independent film companies," stated Sammy Lee, Vice Chairman of the Corporation. "Media 8 has quickly become known in the entertainment industry for producing high quality feature films that are both artistically and commerciality successful. We want the parent Corporation's new name to draw upon this success, and to unify the Corporation with this highly visible subsidiary."

"I agree wholeheartedly with Sammy Lee, and feel that our reputation will be even further enhanced in this coming year," stated Mark Damon, Chairman and CEO of the Corporation. "With strong upcoming feature entries like 'The Upside of Anger,' starring three-time Academy Award Nominee Joan Allen, and Academy Award Winner Kevin Costner, I believe our future is very promising. Hopefully, this film, that New Line is releasing in the United States, will continue to enrich and strengthen the Media 8 reputation."

In addition to the name change, shareholders voted to adopt a special resolution approving an amendment to the Articles of the Corporation to consolidate each of the issued and outstanding Class A Multiple Voting Shares, Class B Subordinate Voting Shares and Series C Preferred Shares. Such consolidation (also known as a "reverse stock split") would be on the basis of a ratio within the range of one post-consolidation share for every ten pre- consolidation shares to one post-consolidation share for every thirty pre- consolidation shares, with the ratio to be selected and approved by the Corporation's Board of Directors in its sole discretion, if at all, at any time prior to March 25, 2005.

"We are hopeful that a consolidation of shares will help to enhance the liquidity of the stock of the Corporation and serve to create and maintain a vibrant trading market for the stock," stated Devin Cutler, Vice President of Finance and Controller.

Finally, the Corporation received shareholder authorization to increase the number of Class B Subordinate Voting Shares that may be issued pursuant to its Stock Option Plan. The amendment to the Corporation's Stock Option Plan increased the number of Class B Subordinate Voting Shares that may be issued in the form of stock options by approximately 7.5 million shares, from a previous level of 15.9 million shares to a current level of 23.5 million shares (to be adjusted following the reverse stock split).

"We feel that stock options are an invaluable method to provide the Corporation with the means to attract, encourage, retain and motivate employees and service providers whose contributions will continue to benefit the Corporation," stated Mr. Cutler.

Certain statements in this report may constitute forward-looking statements. Such forward-looking statements involve risks, uncertainties and other factors which may cause actual results, performance or achievements of the Corporation to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.

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