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AEG's Sports and Entertainment Solutions To Be 'Powered By Panasonic'.

Los Angeles, CA (January 12, 2009) /PRNewswire/ — - Panasonic Corporation of North America and AEG have entered into a long-term agreement naming Panasonic as a 'Founding Partner' of L.A. LIVE, the AEG owned and operated sports, entertainment and residential district in Los Angeles, and a 'Founding Partner' of STAPLES Center beginning in August, 2009. Technologies at these 'Panasonic Powered Properties' will improve entertainment, education, safety, convenience and the environment.

"This unique partnership will stimulate business and bolster consumer confidence," said J.M. Allain, President of Panasonic's System Solutions Company business unit. "We have committed to a comprehensive investment in resources and technology-driven solutions that transcend traditional expectations."

"Panasonic's solution fulfills our commitment to a world-class live entertainment experience," said Timothy J. Leiweke, President and Chief Executive Officer of AEG. "Panasonic delivers the best experience for our visitors with the broadest range of new technologies available from a single entity."

"The Panasonic experience" is already in place at the Beijing Olympic Games, Planet Hollywood in Las Vegas, New York City's Times Square, Princess Cruises and the recently announced Major League Soccer sports and community development project in Philadelphia.

Today at the Consumer Electronics Show in Las Vegas, Panasonic is showing Full 1080p High Definition 3D Home Theater System technologies delivering separate views to each eye for a 3D effect. Planned solutions for AEG properties include the largest LED display in the world at L.A. Live, digital signage, video surveillance, security systems, television production and point-of-sale systems.

Contact Panasonic System Solutions, Systems Integration: 1-877-438-7881 or www.panasonic.com/systemsintegration.

About AEG & L.A. LIVE

AEG, a subsidiary of The Anschutz Company, owns or controls numerous sports and entertainment venues; sports franchises and events; AEG Live is dedicated to live contemporary music and production.

L.A. LIVE is a 4 million square foot sports, residential & entertainment district featuring Club Nokia, Nokia Theatre L.A. LIVE, a 54-story convention destination, the GRAMMY Museum, a 14-screen Regal Cineplex and "broadcast" facilities for ESPN.

About Panasonic System Solutions Company

Panasonic System Solutions Company, Unit of Panasonic Corporation of North America, is a world leader in electronics. Panasonic Corporation of North America is the principal North American subsidiary of Panasonic Corporation (NYSE: PC) of Japan.

*Photos available by emailing sgreenberg@lrgmarketing.com.

EDITORIAL CONTACT

Sara Greenberg / LRG Marketing
845 358 1801
Michael Roth / AEG
213-742-7155